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| Woodbridge | | Make sure you have a new policy in | | Flat Cancellation: A policy which is |
| Muskegon | | place before you cancel your old one | | cancelled upon its effective date. |
| Killeen | | to avoid a lapse in coverage. This will | | Usually under a flat cancellation no |
| Providence | | also prevent having to figure out the | | premium charge is made. |
| Lake Worth | | amount of any unused premium that is | | |
| Eugene | | due to you from your old insurance | | You/Your: These words are used to |
| Dubuque | | company, or having to spar with your | | refer to the named insured in many of |
| Clarksville | | agent about exactly when your policy | | the modernized/personalized policy |
| Columbus | | was cancelled and how much they | | forms. |
| Downey | | owe you. | | |
| Burbank | | | | Policy Period (or Term): The period |
| Cypress | | Everyone has different needs, and | | during which the policy contract |
| Newport Beach | | not one size fits all when it comes to | | affords protection, e.g., six months or |
| Gulfport | | term life insurance. While it may make | | one or three years. |
| Killeen | | sense for people in their 30s and 40s | | |
| Long Island City | | to secure a 20-year term length, a | | Divided Cover: The placing of |
| Austin | | 10-year term might be more | | insurance on a given subject or |
| Alameda | | appropriate for someone nearing | | object with more than one insurer. |
| Killeen | | retirement. | | |
| Lafayette | | | | Claim: A demand made by the |
| Durham | | The best time to switch policies is | | insured, or the insured's beneficiary, |
| Bakersfield | | within one month of receiving your | | for payment of the benefits provided |
| Omaha | | policy renewal from your current | | by the contract. |
| Spartanburg | | insurer. You can typically cancel your | | |
| Frederick | | policy without any fees or penalties if | | Accident Year Experience: Measures |
| Racine | | you act within this time period. | | premiums and losses relating to |
| Corona | | | | accidents which occurred during a |
| Tulsa | | The quickest and easiest way to | | 12-month period. |
| Corpus Christi | | shop for new insurance is by | | |
| Union | | comparing rates at InsWebs online | | Gross Line: The total limit accepted |
| Warwick | | marketplace. If you do it the | | by an insurer on an individual risk, |
| Bellevue | | old-fashioned way (by calling or | | including the amount to be reinsured. |
| Fort Wayne | | visiting multiple agents or insurance | | |
| Lancaster | | companies) it could take up a huge | | Policywriting Agent: An agent who has |
| Glendale | | chunk of your time, which no one | | the authority to prepare and effect an |
| San Bernardino | | wants or needs. By completing | | insurer's policy. |
| Columbia | | InsWebs online application, you will | | |
| Yuma | | have rates to compare to your old | | |
| Clinton Township | | ones within minutes! | | |
