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| Vero Beach | | If you decide to cancel your policy | | Producer: A term applied to an agent, |
| El Cajon | | (after acquiring new coverage) | | solicitor or other person who sells |
| Orlando | | outside of the 30-day period, you may | | insurance. |
| Washington | | have to pay a fee or penalty. | | |
| Garland | | However, you may still save money | | Provisional Rate: Tentative rates, |
| Las Cruces | | after paying the fee if your new policy | | premiums or commissions that are |
| Florissant | | affords you significant savings. So | | subject to subsequent adjustment. |
| Springfield | | while it is best to wait until your | | See Commission and Premium. |
| Arlington | | receive your renewal notice, you CAN | | |
| Palo Alto | | cancel your policy at any time. | | Losses Incurred: The total losses, |
| Midland | | | | whether paid or not, sustained by an |
| Allentown | | Make sure you have a new policy in | | insurer during a given period, e.g., 12 |
| Evanston | | place before you cancel your old one | | months. |
| Mansfield | | to avoid a lapse in coverage. This will | | |
| Independence | | also prevent having to figure out the | | Valued: Relating to an agreement by |
| Silver Spring | | amount of any unused premium that is | | an insurer to pay a specified amount |
| Charleston | | due to you from your old insurance | | of money to or on behalf of the |
| Chicago | | company, or having to spar with your | | insured upon occurrence of a defined |
| New York | | agent about exactly when your policy | | loss. |
| Wilmington | | was cancelled and how much they | | |
| Duluth | | owe you. | | Claim Expense: The expense of |
| Mansfield | | | | adjusting a claim, such as |
| Poughkeepsie | | Why not take advantage of current | | investigation and attorneys' fees. It |
| Wilmington | | low prices? Many auto insurance | | does not include the cost of the claim |
| Westbury | | consumers are becoming educated | | itself. |
| Tallahassee | | on other companies, plans, and rates | | |
| Marietta | | that are available to them; ones that | | Sole Proprietorship: A business |
| Ventura | | could afford them significant savings | | enterprise owned by one person who |
| Independence | | on their auto insurance. | | is its manager and employee. |
