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| Sacramento | | The quickest and easiest way to | | Premises: The particular location of |
| Richmond | | shop for new insurance is by | | property or a portion thereof as |
| Baltimore | | comparing rates at InsWebs online | | designated in a policy. |
| Fredericksburg | | marketplace. If you do it the | | |
| Tallahassee | | old-fashioned way (by calling or | | Basic Rate: The manual rate from |
| Durham | | visiting multiple agents or insurance | | which discounts are taken or to which |
| Austin | | companies) it could take up a huge | | charges are added to reflect the |
| Albuquerque | | chunk of your time, which no one | | individual circumstances of a risk. |
| Indianapolis | | wants or needs. By completing | | |
| Daytona Beach | | InsWebs online application, you will | | Agency: An insurance sales office |
| Salt Lake City | | have rates to compare to your old | | which is directed by a agent, |
| Burbank | | ones within minutes! | | manager, independent agent, or |
| Quincy | | | | company manager. |
| North Hollywood | | The best time to switch policies is | | |
| Muskegon | | within one month of receiving your | | Commercial Lines: This term is used |
| Kansas City | | policy renewal from your current | | to refer to insurance for businesses, |
| Longwood | | insurer. You can typically cancel your | | professionals, and commercial |
| New Orleans | | policy without any fees or penalties if | | establishments. |
| Gaithersburg | | you act within this time period. | | |
| Fresno | | | | Endorsement: A written or printed form |
| Montgomery | | Make sure you have a new policy in | | attached to the policy which alters |
| Lafayette | | place before you cancel your old one | | provisions of the contract. |
| San Bernardino | | to avoid a lapse in coverage. This will | | |
| Evansville | | also prevent having to figure out the | | Policy Period (or Term): The period |
| Saginaw | | amount of any unused premium that is | | during which the policy contract |
| Fayetteville | | due to you from your old insurance | | affords protection, e.g., six months or |
| Fort Wayne | | company, or having to spar with your | | one or three years. |
| Rapid City | | agent about exactly when your policy | | |
| Kansas City | | was cancelled and how much they | | Brokerage Business: Business |
| Overland Park | | owe you. | | offered to an insurer by a broker. This |
| Bethlehem | | | | is sometimes called excess or |
| Hattiesburg | | If you decide to cancel your policy | | surplus business. |
| Alameda | | (after acquiring new coverage) | | |
| Spring Hill | | outside of the 30-day period, you may | | Claim: A demand made by the |
| Baton Rouge | | have to pay a fee or penalty. | | insured, or the insured's beneficiary, |
| Denver | | However, you may still save money | | for payment of the benefits provided |
| Joliet | | after paying the fee if your new policy | | by the contract. |
| Irving | | affords you significant savings. So | | |
| Edison | | while it is best to wait until your | | |
| Peoria | | receive your renewal notice, you CAN | | |
| Alexandria | | cancel your policy at any time. | | |
