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| Newport Beach | | The best time to switch policies is | | Agency: An insurance sales office |
| Longwood | | within one month of receiving your | | which is directed by a agent, |
| Silver Spring | | policy renewal from your current | | manager, independent agent, or |
| Fresno | | insurer. You can typically cancel your | | company manager. |
| Nashua | | policy without any fees or penalties if | | |
| Dothan | | you act within this time period. | | Incurred Expense: Expenses not yet |
| San Diego | | | | paid. Can also include paid |
| Longview | | If you decide to cancel your policy | | expenses in some accounting |
| Huntsville | | (after acquiring new coverage) | | systems. |
| Austin | | outside of the 30-day period, you may | | |
| Independence | | have to pay a fee or penalty. | | Operating Expense: The expense of |
| Lawrenceville | | However, you may still save money | | an insurer other than commissions |
| Chattanooga | | after paying the fee if your new policy | | and taxes. Called " and Insurance |
| Rapid City | | affords you significant savings. So | | Expense" in the convention statement |
| Walnut Creek | | while it is best to wait until your | | blank. |
| Tuscaloosa | | receive your renewal notice, you CAN | | |
| Virginia Beach | | cancel your policy at any time. | | Liabilities: Money owed or expected |
| Minneapolis | | | | to be owed. Insurance company |
| Sioux Falls | | At InsWeb, you can compare free | | financial statements, for instance, |
| Grand Rapids | | online insurance quotes from many of | | show assets and liabilities. |
| Beaumont | | the nations leading insurance | | |
| Kansas City | | companies. | | Claim Report: A report filed by an |
| Fullerton | | | | agent setting forth the facts of a claim. |
| Rapid City | | Individuals who have 30-year | | Same as Loss Report. |
| Manchester | | mortgages might want to consider a | | |
| Santa Clara | | 30-year term to ensure that the house | | Deductible: The portion of an insured |
| Hampton | | is protected throughout the period of | | loss to be borne by the insured |
| Pembroke Pines | | the loan. | | before he is entitled to recovery from |
| Oceanside | | | | the insurer. |
| Texarkana | | Shopping around is the best way to | | |
| Boulder | | save money on your insurance. | | Independent Contractor: One who |
| Bakersfield | | | | agrees to perform according to a |
| Columbus | | Why not take advantage of current | | contract and who is not an employee. |
| Pasadena | | low prices? Many auto insurance | | |
| Boston | | consumers are becoming educated | | |
| Memphis | | on other companies, plans, and rates | | |
| Washington | | that are available to them; ones that | | |
| Cypress | | could afford them significant savings | | |
| Abilene | | on their auto insurance. | | |
