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| Duluth | | People who are trying to quit | | Loss Adjustment Expense: The cost |
| Corpus Christi | | smoking, for example, might be best | | of adjusting losses, excluding the |
| North Hollywood | | suited purchasing a shorter term (and | | amount of the loss itself. |
| Grand Rapids | | then replacing it with a longer term | | |
| Lake Worth | | policy when they qualify for | | Deflation: An economic period |
| Fredericksburg | | non-tobacco prices). | | characterized by falling prices, high |
| San Jose | | | | unemployment and a generally |
| Hampton | | If you have noticed that your auto | | sluggish or slow economy. |
| Detroit | | insurance rates are still increasing | | |
| Tyler | | with each renewal, or even have not | | Mutualization: The process of |
| Fayetteville | | gone down even though you have a | | converting a stock insurer to a mutual |
| Bethlehem | | great driving record, this lower pricing | | insurer, accomplished by having the |
| Hollywood | | trend makes it more important then | | insurer buy stock and retire it. |
| Costa Mesa | | ever that you shop around for auto | | |
| Tampa | | insurance. | | Indemnify: To restore the victim of a |
| Kansas City | | | | loss to the same position as before |
| Hampton | | Healthy people have the best | | the loss occurred. |
| Salem | | mortality risks and thus are much | | |
| Cambridge | | cheaper for companies to insure. This | | Preferred Risk: Any risk considered |
| Florence | | translates into lower rates for the | | to be better than the standard risk on |
| Bloomington | | Super Preferred customer than | | which the premium rate was |
| Bay City | | someone with higher risk factors such | | calculated. |
| Sarasota | | as a heart condition, cancer or | | |
| Anderson | | diabetes. Conversely, if you were | | Other Insurance: The existence of |
| Johnson City | | unhealthy when you acquired your | | other contracts covering the same |
| Alpharetta | | policy, and your health has now | | interest and perils. |
| Lawton | | improved, it might be time to shop for | | |
| Little Rock | | a new policy, as your rates are likely | | Flat Cancellation: A policy which is |
| Lowell | | to be lower. | | cancelled upon its effective date. |
| Fort Wayne | | | | Usually under a flat cancellation no |
| Fort Lauderdale | | Why not take advantage of current | | premium charge is made. |
| Boulder | | low prices? Many auto insurance | | |
| Santa Ana | | consumers are becoming educated | | Renewal: The reestablishment of the |
| Erie | | on other companies, plans, and rates | | in-force status of a policy, the term of |
| Evanston | | that are available to them; ones that | | which has expired or will expire |
| Irving | | could afford them significant savings | | unless it is renewed. |
| Charlotte | | on their auto insurance. | | |
