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| Hemet | | While some companies raise their | | Exclusion: A contractual provision that |
| Austin | | prices based on your actual age, | | denies coverage for certain perils, |
| Valdosta | | most companies increase the price of | | persons, property, or locations. |
| Zanesville | | their policies six months before your | | |
| Sumter | | birthday. Its a term called Age | | Preferred Risk: Any risk considered |
| Panama City | | Nearest in the industry, and that | | to be better than the standard risk on |
| Sacramento | | half-year price increase could really | | which the premium rate was |
| Irvine | | add up over a 20-year term policy. As | | calculated. |
| Santa Rosa | | above, the quicker you purchase your | | |
| Springfield | | policy the better. | | Single Limit: Any insurance coverage |
| Hattiesburg | | | | which is expressed as a single |
| Huntsville | | The quickest and easiest way to | | amount of insurance, or a single limit |
| Council Bluffs | | shop for new insurance is by | | of liability. Contrast with Split Limit. |
| Lorain | | comparing rates at InsWebs online | | |
| Brooklyn | | marketplace. If you do it the | | Short-Term Policy: A policy written for |
| Marietta | | old-fashioned way (by calling or | | a period of less time than is normal for |
| Corona | | visiting multiple agents or insurance | | that type of policy. |
| Stockbridge | | companies) it could take up a huge | | |
| Chandler | | chunk of your time, which no one | | Deductible: The portion of an insured |
| Waco | | wants or needs. By completing | | loss to be borne by the insured |
| Norfolk | | InsWebs online application, you will | | before he is entitled to recovery from |
| High Point | | have rates to compare to your old | | the insurer. |
| Gainesville | | ones within minutes! | | |
| Ogden | | | | Adjustment Bureau: A firm organized |
| Jonesboro | | People who are trying to quit | | to provide adjustment services to |
| Sumter | | smoking, for example, might be best | | insurers not wishing to create their |
| St. Louis | | suited purchasing a shorter term (and | | own claims division. |
| Houston | | then replacing it with a longer term | | |
| San Francisco | | policy when they qualify for | | Absolute Assignment: Assignment by |
| Cape Coral | | non-tobacco prices). | | a policy owner of all control of and |
| Bethlehem | | | | rights in the policy to a third party. |
| Cleveland | | If you decide to cancel your policy | | |
| Virginia Beach | | (after acquiring new coverage) | | Initial Premium: An amount paid at the |
| Mesquite | | outside of the 30-day period, you may | | inception of an insurance contract, |
| Anderson | | have to pay a fee or penalty. | | usually subject to adjustment at the |
| Morristown | | However, you may still save money | | end of the policy period. |
| Corpus Christi | | after paying the fee if your new policy | | |
| Joliet | | affords you significant savings. So | | |
| Boise | | while it is best to wait until your | | |
| Daytona Beach | | receive your renewal notice, you CAN | | |
| Muncie | | cancel your policy at any time. | | |
