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| Rockville | | If you decide to cancel your policy | | Index Bureau Experience: A measure |
| Miami | | (after acquiring new coverage) | | of losses relating to claims reported |
| Longwood | | outside of the 30-day period, you may | | through a claim office during a |
| Columbus | | have to pay a fee or penalty. | | 12-month period. |
| Slidell | | However, you may still save money | | |
| Owensboro | | after paying the fee if your new policy | | Multi-Peril Policies: Policies which |
| Staten Island | | affords you significant savings. So | | cover a number of perils, such as fire, |
| Minneapolis | | while it is best to wait until your | | burglary, and liability, in a single |
| Westbury | | receive your renewal notice, you CAN | | contract. |
| Springfield | | cancel your policy at any time. | | |
| Fresno | | | | Losses Incurred: The total losses, |
| Yuma | | Shopping around is the best way to | | whether paid or not, sustained by an |
| Springfield | | save money on your insurance. | | insurer during a given period, e.g., 12 |
| Clarksville | | | | months. |
| Lubbock | | Make sure you have a new policy in | | |
| Schaumburg | | place before you cancel your old one | | Preferred Risk: Any risk considered |
| Hickory | | to avoid a lapse in coverage. This will | | to be better than the standard risk on |
| Costa Mesa | | also prevent having to figure out the | | which the premium rate was |
| Lake Worth | | amount of any unused premium that is | | calculated. |
| Stuart | | due to you from your old insurance | | |
| Corona | | company, or having to spar with your | | Commercial Lines: This term is used |
| North Hollywood | | agent about exactly when your policy | | to refer to insurance for businesses, |
| Newark | | was cancelled and how much they | | professionals, and commercial |
| St. Louis | | owe you. | | establishments. |
