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| Santa Clara | | Everyone has different needs, and | | Insurance Policy: The printed form |
| Springfield | | not one size fits all when it comes to | | which serves as the contract between |
| Trenton | | term life insurance. While it may make | | an insurer and an insured. |
| Newark | | sense for people in their 30s and 40s | | |
| Torrance | | to secure a 20-year term length, a | | Appraisal: An evaluation of property |
| Goldsboro | | 10-year term might be more | | made to ascertain either the |
| Modesto | | appropriate for someone nearing | | appropriate amount of insurance to |
| Albany | | retirement. | | be written or the amount of loss to be |
| Roanoke | | | | paid. |
| Gulfport | | The best time to switch policies is | | |
| Bellevue | | within one month of receiving your | | Independent Agent: An agent |
| Hemet | | policy renewal from your current | | operating as an independent |
| Reading | | insurer. You can typically cancel your | | contractor under the independent |
| Greenville | | policy without any fees or penalties if | | agency system. |
| Lake Worth | | you act within this time period. | | |
| Albany | | | | Independent Contractor: One who |
| Flint | | Why not take advantage of current | | agrees to perform according to a |
| Turlock | | low prices? Many auto insurance | | contract and who is not an employee. |
| Fort Wayne | | consumers are becoming educated | | |
| Arlington | | on other companies, plans, and rates | | Expense Allowance: A compensation |
| El Paso | | that are available to them; ones that | | paid to an insurance agent in excess |
| Jonesboro | | could afford them significant savings | | of prescribed commissions. |
| Las Vegas | | on their auto insurance. | | |
| Lafayette | | | | Director of Insurance: A title used in |
| Newark | | Make sure you have a new policy in | | some states for the head of the |
| Midland | | place before you cancel your old one | | department of insurance. |
| Bayside | | to avoid a lapse in coverage. This will | | |
| New York | | also prevent having to figure out the | | Net Retention: The amount of |
| Lawton | | amount of any unused premium that is | | insurance that a ceding company |
| Lake Worth | | due to you from your old insurance | | keeps for its own account and does |
| Warwick | | company, or having to spar with your | | not reinsure. |
| Clinton Township | | agent about exactly when your policy | | |
| Athens | | was cancelled and how much they | | Valued: Relating to an agreement by |
| Cookeville | | owe you. | | an insurer to pay a specified amount |
| Reading | | | | of money to or on behalf of the |
| Valdosta | | | | insured upon occurrence of a defined |
| Lafayette | | | | loss. |
