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| Springfield | | Why not take advantage of current | | Claim: A demand made by the |
| Burbank | | low prices? Many auto insurance | | insured, or the insured's beneficiary, |
| Mesquite | | consumers are becoming educated | | for payment of the benefits provided |
| Flushing | | on other companies, plans, and rates | | by the contract. |
| Longwood | | that are available to them; ones that | | |
| Conroe | | could afford them significant savings | | Earned Income: The money |
| Phoenix | | on their auto insurance. | | individuals earn as a result of working |
| Rochester | | | | at some job or occupation for which |
| Trenton | | At InsWeb, you can compare free | | they are paid a salary. |
| Charlotte | | online insurance quotes from many of | | |
| Bay City | | the nations leading insurance | | Overlapping Insurance: Coverage |
| Newport News | | companies. | | from two or more policies or insurers |
| Whittier | | | | which duplicates coverage of certain |
| Pompano Beach | | Life insurance, specifically Term Life, | | risks. |
| Naples | | is arguably one of the best values in | | |
| Houston | | the entire financial services arena. | | Time Limits: The limits of time within |
| Daytona Beach | | Where else can you go and get | | which notice of a claim and proof of a |
| Los Angeles | | hundreds of thousands of dollars in | | loss must be submitted. |
| Toledo | | protection for literally pennies per | | |
| Columbus | | day? Rates for Term Life insurance | | Net Loss: The amount of loss |
| New Port Richey | | remain at all-time lows, and now is the | | sustained by an insurer after giving |
| Sarasota | | time to lock in the best prices. | | effect to all applicable reinsurance, |
| Lexington | | | | salvage, and subrogation recoveries. |
| Albany | | The best time to switch policies is | | |
| Fairfax | | within one month of receiving your | | Replacement: A new policy written to |
| Elkhart | | policy renewal from your current | | take the place of one currently in force. |
| Boulder | | insurer. You can typically cancel your | | |
| Washington | | policy without any fees or penalties if | | Policy Period (or Term): The period |
| Raleigh | | you act within this time period. | | during which the policy contract |
| Columbus | | | | affords protection, e.g., six months or |
| New Orleans | | Make sure you have a new policy in | | one or three years. |
| Costa Mesa | | place before you cancel your old one | | |
| Independence | | to avoid a lapse in coverage. This will | | Operating Expense: The expense of |
| Phoenix | | also prevent having to figure out the | | an insurer other than commissions |
| Berkeley | | amount of any unused premium that is | | and taxes. Called " and Insurance |
| Lakeland | | due to you from your old insurance | | Expense" in the convention statement |
| Toms River | | company, or having to spar with your | | blank. |
| Gaithersburg | | agent about exactly when your policy | | |
| Tempe | | was cancelled and how much they | | |
| Decatur | | owe you. | | |
