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| Newburgh | | We offer quotes for auto insurance, | | Nonassignable: A policy that the |
| Lexington | | life insurance, homeowners | | owner cannot assign to a third party. |
| Bronx | | insurance, health insurance, term life | | Most policies are nonassignable |
| Glendale | | insurance and more. | | unless approval is given by the |
| Sterling Heights | | | | insurer. |
| Columbus | | People who are trying to quit | | |
| Miami | | smoking, for example, might be best | | Agent's License: A certificate of |
| Phoenix | | suited purchasing a shorter term (and | | authority from the state which permits |
| Flushing | | then replacing it with a longer term | | the agent to conduct business. |
| Orange | | policy when they qualify for | | |
| Boise | | non-tobacco prices). | | Provisional Rate: Tentative rates, |
| York | | | | premiums or commissions that are |
| Charlotte | | Why not take advantage of current | | subject to subsequent adjustment. |
| Chandler | | low prices? Many auto insurance | | See Commission and Premium. |
| Greensboro | | consumers are becoming educated | | |
| Providence | | on other companies, plans, and rates | | Premium: The price of insurance |
| Southfield | | that are available to them; ones that | | protection for a specified risk for a |
| San Jose | | could afford them significant savings | | specified period of time. |
| Pueblo | | on their auto insurance. | | |
| Hampton | | | | Policy Period (or Term): The period |
| Newark | | Individuals who have 30-year | | during which the policy contract |
| Providence | | mortgages might want to consider a | | affords protection, e.g., six months or |
| San Antonio | | 30-year term to ensure that the house | | one or three years. |
| Myrtle Beach | | is protected throughout the period of | | |
| Corpus Christi | | the loan. | | Loss Adjustment Expense: The cost |
| Palm Desert | | | | of adjusting losses, excluding the |
| Vero Beach | | If you decide to cancel your policy | | amount of the loss itself. |
| Lawton | | (after acquiring new coverage) | | |
| Edmond | | outside of the 30-day period, you may | | Losses Incurred: The total losses, |
| Duluth | | have to pay a fee or penalty. | | whether paid or not, sustained by an |
| Conroe | | However, you may still save money | | insurer during a given period, e.g., 12 |
| Shreveport | | after paying the fee if your new policy | | months. |
| Naperville | | affords you significant savings. So | | |
| Norfolk | | while it is best to wait until your | | Effective Date: The date on which the |
| Charlotte | | receive your renewal notice, you CAN | | protection of an insurance policy or |
| Jackson | | cancel your policy at any time. | | bond goes into effect. |
