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| Williamsburg | | If you have noticed that your auto | | Broker of Record: A broker who has |
| Jacksonville | | insurance rates are still increasing | | been designated to handle certain |
| Savannah | | with each renewal, or even have not | | insurance contracts for the |
| Peoria | | gone down even though you have a | | policyholder. |
| New Port Richey | | great driving record, this lower pricing | | |
| Reading | | trend makes it more important then | | Minimum Premium: The smallest |
| Franklin | | ever that you shop around for auto | | amount of premium for which an |
| Bradenton | | insurance. | | insurer will issue coverage under a |
| Chandler | | | | given policy. |
| Waco | | If you decide to cancel your policy | | |
| New Port Richey | | (after acquiring new coverage) | | Level Commission System: A system |
| Anchorage | | outside of the 30-day period, you may | | of commissions in which the first year |
| Syracuse | | have to pay a fee or penalty. | | and all renewal commissions are the |
| Colorado Springs | | However, you may still save money | | same percentage of the premium. |
| Kansas City | | after paying the fee if your new policy | | |
| Canton | | affords you significant savings. So | | Federal Deposit Insurance |
| Salem | | while it is best to wait until your | | Corporation (FDIC): An agency of the |
| Schaumburg | | receive your renewal notice, you CAN | | federal government which insures |
| Tucson | | cancel your policy at any time. | | bank deposits up to a stated |
| Council Bluffs | | | | maximum. |
| Madison | | Individuals who have 30-year | | |
| Baton Rouge | | mortgages might want to consider a | | Valuation Clause: A clause stating the |
| Johnson City | | 30-year term to ensure that the house | | value of items for insurance |
| Mesquite | | is protected throughout the period of | | purposes, making it a valued policy. |
| Carlsbad | | the loan. | | |
| Salt Lake City | | | | Indemnity: Restoration to the victim of |
| Duluth | | Make sure you have a new policy in | | a loss by payment, repair, or |
| St. Paul | | place before you cancel your old one | | replacement. |
| Asheville | | to avoid a lapse in coverage. This will | | |
| Spring Hill | | also prevent having to figure out the | | Endorsement: A written or printed form |
| Tacoma | | amount of any unused premium that is | | attached to the policy which alters |
| Overland Park | | due to you from your old insurance | | provisions of the contract. |
| Grand Prairie | | company, or having to spar with your | | |
| Charleston | | agent about exactly when your policy | | War Risk Insurance: Insurance |
| Las Cruces | | was cancelled and how much they | | covering damage caused by war. |
| Spokane | | owe you. | | Most often written by Ocean Marine |
| Duluth | | | | Insurance companies covering |
| Grand Junction | | | | vessels. |
