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| Springfield | | Why not take advantage of current | | Incurred Expense: Expenses not yet |
| Longmont | | low prices? Many auto insurance | | paid. Can also include paid |
| Evanston | | consumers are becoming educated | | expenses in some accounting |
| Albuquerque | | on other companies, plans, and rates | | systems. |
| Midland | | that are available to them; ones that | | |
| Oxnard | | could afford them significant savings | | Cut Rate: This term generally applies |
| Orange | | on their auto insurance. | | to insurance companies who charge |
| Melbourne | | | | premiums below a normal or average |
| San Bernardino | | The best time to switch policies is | | rate. |
| Hattiesburg | | within one month of receiving your | | |
| Mansfield | | policy renewal from your current | | Retrospective Premium: The final |
| Honolulu | | insurer. You can typically cancel your | | premium in a retrospective rating |
| Brooklyn | | policy without any fees or penalties if | | plan. See Retrospective Rating. |
| Fullerton | | you act within this time period. | | |
| Toledo | | | | Foreign Insurer: An insurer domiciled |
| Portsmouth | | Make sure you have a new policy in | | in a state of the United States other |
| Hendersonville | | place before you cancel your old one | | than the one in which the insured's |
| Memphis | | to avoid a lapse in coverage. This will | | insurance is written. |
| San Jose | | also prevent having to figure out the | | |
| Newark | | amount of any unused premium that is | | Agency Contract (or Agreement): The |
| Longmont | | due to you from your old insurance | | document which establishes the legal |
| Coral Springs | | company, or having to spar with your | | relationship between an agent and an |
| Duluth | | agent about exactly when your policy | | insurer. |
| Jackson | | was cancelled and how much they | | |
| Palm Harbor | | owe you. | | Gross Line: The total limit accepted |
| Harlingen | | | | by an insurer on an individual risk, |
| Sioux Falls | | At InsWeb, you can compare free | | including the amount to be reinsured. |
| Franklin | | online insurance quotes from many of | | |
| Elkhart | | the nations leading insurance | | Book Value: Refers to the value of |
| Rockville | | companies. | | assets as shown in the official |
| Livonia | | | | accounting records of the company. |
| Greeley | | Everyone has different needs, and | | |
| Sterling Heights | | not one size fits all when it comes to | | Collusion: An agreement, usually |
| New Port Richey | | term life insurance. While it may make | | secret, between two or more persons |
| Cape Coral | | sense for people in their 30s and 40s | | to defraud or deprive another or |
| Decatur | | to secure a 20-year term length, a | | others of their property or rights. |
| Palm Desert | | 10-year term might be more | | |
| Jonesboro | | appropriate for someone nearing | | |
| Malden | | retirement. | | |
