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| Glendale | | If you decide to cancel your policy | | Agency Contract (or Agreement): The |
| Trenton | | (after acquiring new coverage) | | document which establishes the legal |
| Turlock | | outside of the 30-day period, you may | | relationship between an agent and an |
| Elkhart | | have to pay a fee or penalty. | | insurer. |
| Fort Wayne | | However, you may still save money | | |
| Lorain | | after paying the fee if your new policy | | Multi-Peril Policies: Policies which |
| Rome | | affords you significant savings. So | | cover a number of perils, such as fire, |
| Racine | | while it is best to wait until your | | burglary, and liability, in a single |
| North Hollywood | | receive your renewal notice, you CAN | | contract. |
| Waco | | cancel your policy at any time. | | |
| Overland Park | | | | Basic Rate: The manual rate from |
| Cherry Hill | | Healthy people have the best | | which discounts are taken or to which |
| Newark | | mortality risks and thus are much | | charges are added to reflect the |
| Hattiesburg | | cheaper for companies to insure. This | | individual circumstances of a risk. |
| San Jose | | translates into lower rates for the | | |
| Cranston | | Super Preferred customer than | | Commission of Authority: A document |
| Bronx | | someone with higher risk factors such | | outlining the powers delegated to an |
| Yuma | | as a heart condition, cancer or | | agent by an insurer. |
| Albany | | diabetes. Conversely, if you were | | |
| Goldsboro | | unhealthy when you acquired your | | Underinsurance: A condition in which |
| Columbus | | policy, and your health has now | | not enough insurance is carried to |
| Phoenix | | improved, it might be time to shop for | | cover the insurable value. |
| Trenton | | a new policy, as your rates are likely | | |
| Portsmouth | | to be lower. | | Buy-Back" Deductible: A deductible |
| Boulder | | | | which may be eliminated for an |
| Lubbock | | People who are trying to quit | | additional premium in order to |
| Lansing | | smoking, for example, might be best | | provide "first-dollar" coverage. |
| Las Vegas | | suited purchasing a shorter term (and | | |
| Alexandria | | then replacing it with a longer term | | Tabular Plan: A retrospective rating |
| Bay City | | policy when they qualify for | | plan, which uses tables to furnish the |
| Goldsboro | | non-tobacco prices). | | various values for the rating formula. |
