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| Fullerton | | Make sure you have a new policy in | | Deficit Carried Forward: The transfer |
| Odessa | | place before you cancel your old one | | of a debit balance from one |
| Arlington | | to avoid a lapse in coverage. This will | | accounting period to another. |
| Valdosta | | also prevent having to figure out the | | |
| Newark | | amount of any unused premium that is | | Renewal: The reestablishment of the |
| Sacramento | | due to you from your old insurance | | in-force status of a policy, the term of |
| Glendale | | company, or having to spar with your | | which has expired or will expire |
| West Palm Beach | | agent about exactly when your policy | | unless it is renewed. |
| Kansas City | | was cancelled and how much they | | |
| Sioux City | | owe you. | | American Risk and Insurance |
| Cape Coral | | | | Association: An association of |
| Springfield | | If you decide to cancel your policy | | insurance educators and others |
| Plano | | (after acquiring new coverage) | | interested in insurance study and |
| Fresno | | outside of the 30-day period, you may | | research. |
| Glendale | | have to pay a fee or penalty. | | |
| Ogden | | However, you may still save money | | Premises: The particular location of |
| Evanston | | after paying the fee if your new policy | | property or a portion thereof as |
| Olympia | | affords you significant savings. So | | designated in a policy. |
| Conroe | | while it is best to wait until your | | |
| Lafayette | | receive your renewal notice, you CAN | | Incurred Expense: Expenses not yet |
| Chattanooga | | cancel your policy at any time. | | paid. Can also include paid |
| Knoxville | | | | expenses in some accounting |
| Billings | | If you have noticed that your auto | | systems. |
| Irvine | | insurance rates are still increasing | | |
| Staten Island | | with each renewal, or even have not | | Replacement: A new policy written to |
| Lancaster | | gone down even though you have a | | take the place of one currently in force. |
| Macon | | great driving record, this lower pricing | | |
| Albany | | trend makes it more important then | | Losses Incurred: The total losses, |
| Florissant | | ever that you shop around for auto | | whether paid or not, sustained by an |
| Huntington Beach | | insurance. | | insurer during a given period, e.g., 12 |
| Abilene | | | | months. |
| Billings | | Shopping around is the best way to | | |
| Pueblo | | save money on your insurance. | | Indemnity: Restoration to the victim of |
| Venice | | | | a loss by payment, repair, or |
| Oceanside | | | | replacement. |
