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| Rochester | | People who are trying to quit | | Claim Report: A report filed by an |
| Gaithersburg | | smoking, for example, might be best | | agent setting forth the facts of a claim. |
| Omaha | | suited purchasing a shorter term (and | | Same as Loss Report. |
| Minneapolis | | then replacing it with a longer term | | |
| Houma | | policy when they qualify for | | Inspection: Independent checking on |
| Sunnyvale | | non-tobacco prices). | | facts about an applicant, |
| Palm Harbor | | | | policyholder, or claimant, usually by a |
| Topeka | | Make sure you have a new policy in | | commercial inspection agency. |
| Longview | | place before you cancel your old one | | |
| Baltimore | | to avoid a lapse in coverage. This will | | Public Adjuster: An insurance adjuster |
| Jackson | | also prevent having to figure out the | | who represents an insured on a fee |
| Honolulu | | amount of any unused premium that is | | basis in claims settlement. Contrast |
| Bronx | | due to you from your old insurance | | with Independent Adjuster. |
| Fullerton | | company, or having to spar with your | | |
| Lawrenceville | | agent about exactly when your policy | | Flat Cancellation: A policy which is |
| Huntsville | | was cancelled and how much they | | cancelled upon its effective date. |
| Melbourne | | owe you. | | Usually under a flat cancellation no |
| Long Island City | | | | premium charge is made. |
| Muncie | | Individuals who have 30-year | | |
| Santa Rosa | | mortgages might want to consider a | | Sole Proprietorship: A business |
| Westbury | | 30-year term to ensure that the house | | enterprise owned by one person who |
| Decatur | | is protected throughout the period of | | is its manager and employee. |
| Sarasota | | the loan. | | |
| Tampa | | | | Liabilities: Money owed or expected |
| Jacksonville | | If you decide to cancel your policy | | to be owed. Insurance company |
| Fresno | | (after acquiring new coverage) | | financial statements, for instance, |
| Florissant | | outside of the 30-day period, you may | | show assets and liabilities. |
| Yonkers | | have to pay a fee or penalty. | | |
| Oklahoma City | | However, you may still save money | | Retrospective Premium: The final |
| Springfield | | after paying the fee if your new policy | | premium in a retrospective rating |
| Norfolk | | affords you significant savings. So | | plan. See Retrospective Rating. |
| Dearborn | | while it is best to wait until your | | |
| Pueblo | | receive your renewal notice, you CAN | | Index Bureau Experience: A measure |
| Lincoln | | cancel your policy at any time. | | of losses relating to claims reported |
| Sunnyvale | | | | through a claim office during a |
| Fort Lauderdale | | | | 12-month period. |
