| | | | |
|
| Baltimore | | The quickest and easiest way to | | Authorized Insurer: An insurer |
| Goldsboro | | shop for new insurance is by | | authorized by the state to transact |
| Tulsa | | comparing rates at InsWebs online | | business in that state for specific |
| Montgomery | | marketplace. If you do it the | | types of insurance. |
| Shreveport | | old-fashioned way (by calling or | | |
| West Palm Beach | | visiting multiple agents or insurance | | Domestic Insurer (or Company): An |
| West Palm Beach | | companies) it could take up a huge | | insurer formed under the laws of the |
| New Port Richey | | chunk of your time, which no one | | state in which the insurance is written. |
| Lancaster | | wants or needs. By completing | | |
| Detroit | | InsWebs online application, you will | | Equity: The money value of an |
| Bellevue | | have rates to compare to your old | | insurance company that is over and |
| Fort Worth | | ones within minutes! | | above its liabilities. Liabilities include |
| Livonia | | | | almost all of its reserves. |
| Mesa | | Make sure you have a new policy in | | |
| Savannah | | place before you cancel your old one | | Valued: Relating to an agreement by |
| Asheville | | to avoid a lapse in coverage. This will | | an insurer to pay a specified amount |
| Columbus | | also prevent having to figure out the | | of money to or on behalf of the |
| Whittier | | amount of any unused premium that is | | insured upon occurrence of a defined |
| Atlanta | | due to you from your old insurance | | loss. |
| Glendale | | company, or having to spar with your | | |
| Lake Charles | | agent about exactly when your policy | | Initial Premium: An amount paid at the |
| Huntsville | | was cancelled and how much they | | inception of an insurance contract, |
| Pensacola | | owe you. | | usually subject to adjustment at the |
| Inglewood | | | | end of the policy period. |
| Milwaukee | | If you decide to cancel your policy | | |
| Fort Collins | | (after acquiring new coverage) | | Loss Adjustment Expense: The cost |
| Arlington | | outside of the 30-day period, you may | | of adjusting losses, excluding the |
| Wichita Falls | | have to pay a fee or penalty. | | amount of the loss itself. |
| Inglewood | | However, you may still save money | | |
| Jackson | | after paying the fee if your new policy | | Tabular Plan: A retrospective rating |
| Littleton | | affords you significant savings. So | | plan, which uses tables to furnish the |
| Virginia Beach | | while it is best to wait until your | | various values for the rating formula. |
| Westbury | | receive your renewal notice, you CAN | | |
| Clinton Township | | cancel your policy at any time. | | Adjustment Bureau: A firm organized |
| Jasper | | | | to provide adjustment services to |
| Las Vegas | | | | insurers not wishing to create their |
| Thousand Oaks | | | | own claims division. |
