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| Lafayette | | While some companies raise their | | Expense Allowance: A compensation |
| Sioux Falls | | prices based on your actual age, | | paid to an insurance agent in excess |
| Delray Beach | | most companies increase the price of | | of prescribed commissions. |
| Greensboro | | their policies six months before your | | |
| Fredericksburg | | birthday. Its a term called Age | | Public Adjuster: An insurance adjuster |
| Eugene | | Nearest in the industry, and that | | who represents an insured on a fee |
| Waco | | half-year price increase could really | | basis in claims settlement. Contrast |
| Asheville | | add up over a 20-year term policy. As | | with Independent Adjuster. |
| Montgomery | | above, the quicker you purchase your | | |
| Fall River | | policy the better. | | Gross Premium: The net premium |
| Elkhart | | | | plus operating expenses, |
| Charleston | | The best time to switch policies is | | commissions and other expenses. |
| Albany | | within one month of receiving your | | |
| Evanston | | policy renewal from your current | | Professional Insurance Agents |
| Bloomington | | insurer. You can typically cancel your | | Association: A trade association of |
| Warren | | policy without any fees or penalties if | | mutual insurance agents. |
| Harlingen | | you act within this time period. | | |
| Greenville | | | | Overlapping Insurance: Coverage |
| Los Angeles | | If you decide to cancel your policy | | from two or more policies or insurers |
| Billings | | (after acquiring new coverage) | | which duplicates coverage of certain |
| Fayetteville | | outside of the 30-day period, you may | | risks. |
| Racine | | have to pay a fee or penalty. | | |
| Aurora | | However, you may still save money | | Convention Values: Values assigned |
| St. Paul | | after paying the fee if your new policy | | to insurers' assets in the convention |
| Shreveport | | affords you significant savings. So | | blank. |
| Rockville | | while it is best to wait until your | | |
| Mesquite | | receive your renewal notice, you CAN | | Lloyd's Broker: A person who has the |
| El Paso | | cancel your policy at any time. | | authority to negotiate insurance |
| Newark | | | | contracts with the underwriters on the |
| Manchester | | Healthy people have the best | | floor at Lloyd's. |
| Cranston | | mortality risks and thus are much | | |
| Hampton | | cheaper for companies to insure. This | | You/Your: These words are used to |
| Zanesville | | translates into lower rates for the | | refer to the named insured in many of |
| Tucson | | Super Preferred customer than | | the modernized/personalized policy |
| Fresno | | someone with higher risk factors such | | forms. |
| Rapid City | | as a heart condition, cancer or | | |
| San Bernardino | | diabetes. Conversely, if you were | | |
| Omaha | | unhealthy when you acquired your | | |
| Worcester | | policy, and your health has now | | |
| Louisville | | improved, it might be time to shop for | | |
| Davenport | | a new policy, as your rates are likely | | |
| Charleston | | to be lower. | | |
