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| Atlanta | | Individuals who have 30-year | | Broker of Record: A broker who has |
| Redlands | | mortgages might want to consider a | | been designated to handle certain |
| Erie | | 30-year term to ensure that the house | | insurance contracts for the |
| Lincoln | | is protected throughout the period of | | policyholder. |
| Denver | | the loan. | | |
| Costa Mesa | | | | Line of Business: The classification of |
| Des Moines | | If you decide to cancel your policy | | business as utilized in the insurance |
| Lafayette | | (after acquiring new coverage) | | industry, e.g., Fire, Allied Lines and |
| Williamsburg | | outside of the 30-day period, you may | | Homeowners. |
| Melbourne | | have to pay a fee or penalty. | | |
| Palm Desert | | However, you may still save money | | Agency: An insurance sales office |
| Decatur | | after paying the fee if your new policy | | which is directed by a agent, |
| Owensboro | | affords you significant savings. So | | manager, independent agent, or |
| Naperville | | while it is best to wait until your | | company manager. |
| Fayetteville | | receive your renewal notice, you CAN | | |
| New Port Richey | | cancel your policy at any time. | | Incurred Expense: Expenses not yet |
| Greeley | | | | paid. Can also include paid |
| Springfield | | The quickest and easiest way to | | expenses in some accounting |
| Fairfax | | shop for new insurance is by | | systems. |
| Irvine | | comparing rates at InsWebs online | | |
| Pasadena | | marketplace. If you do it the | | FICA. Federal Insurance Contributions |
| Sumter | | old-fashioned way (by calling or | | Act: A law imposing a payroll tax to |
| Lexington | | visiting multiple agents or insurance | | assist in funding Social Security |
| High Point | | companies) it could take up a huge | | benefits. |
| Boise | | chunk of your time, which no one | | |
| Yonkers | | wants or needs. By completing | | Building Code: This refers to |
| Rochester | | InsWebs online application, you will | | municipal or other governmental |
| San Antonio | | have rates to compare to your old | | ordinances regulating the type of |
| Portsmouth | | ones within minutes! | | construction of buildings within its |
| Chandler | | | | jurisdiction. |
| Winter Haven | | Make sure you have a new policy in | | |
| Muncie | | place before you cancel your old one | | First Party Insurance: Insurance which |
| Naperville | | to avoid a lapse in coverage. This will | | applies to coverage for the insured's |
| Milwaukee | | also prevent having to figure out the | | own property or person. Contrast with |
| Mesquite | | amount of any unused premium that is | | Third Party Insurance. |
| Canton | | due to you from your old insurance | | |
| Fayetteville | | company, or having to spar with your | | |
| Frederick | | agent about exactly when your policy | | |
| Warwick | | was cancelled and how much they | | |
| Bronx | | owe you. | | |
