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| Santa Ana | | Make sure you have a new policy in | | Valuation Clause: A clause stating the |
| Williamsport | | place before you cancel your old one | | value of items for insurance |
| Cincinnati | | to avoid a lapse in coverage. This will | | purposes, making it a valued policy. |
| Chattanooga | | also prevent having to figure out the | | |
| Newark | | amount of any unused premium that is | | Underinsurance: A condition in which |
| Torrance | | due to you from your old insurance | | not enough insurance is carried to |
| York | | company, or having to spar with your | | cover the insurable value. |
| Panama City | | agent about exactly when your policy | | |
| Oxnard | | was cancelled and how much they | | Domestic Insurer (or Company): An |
| Anderson | | owe you. | | insurer formed under the laws of the |
| Clinton Township | | | | state in which the insurance is written. |
| Lakeland | | Shopping around is the best way to | | |
| Athens | | save money on your insurance. | | Liquidity: The ability of an insurer to |
| Longwood | | | | convert its assets into cash to pay |
| Jacksonville | | If you decide to cancel your policy | | claims if necessary. |
| Arlington | | (after acquiring new coverage) | | |
| Louisville | | outside of the 30-day period, you may | | Partial Loss: A loss covered by an |
| Hattiesburg | | have to pay a fee or penalty. | | insurance policy which does not |
| Allentown | | However, you may still save money | | completely destroy or render |
| Peoria | | after paying the fee if your new policy | | worthless the insured property. |
| Spokane | | affords you significant savings. So | | |
| Naples | | while it is best to wait until your | | Premium Notice: A form notice from |
| New Orleans | | receive your renewal notice, you CAN | | an insurer or agency to a policy |
| Chesapeake | | cancel your policy at any time. | | owner that a premium will be due on a |
| Long Island City | | | | given date. |
| Westbury | | Everyone has different needs, and | | |
| Springfield | | not one size fits all when it comes to | | Provisional Rate: Tentative rates, |
| Saginaw | | term life insurance. While it may make | | premiums or commissions that are |
| Slidell | | sense for people in their 30s and 40s | | subject to subsequent adjustment. |
| Grand Junction | | to secure a 20-year term length, a | | See Commission and Premium. |
| Jonesboro | | 10-year term might be more | | |
| Warren | | appropriate for someone nearing | | Premises: The particular location of |
| Houma | | retirement. | | property or a portion thereof as |
| Venice | | | | designated in a policy. |
