Insurance Policies

Insurance policies are complicated, and sometimes involve copious amounts of  "fine print" and technical language through which you must muddle. When purchasing a policy, you need to ask plenty of questions to make sure the policy you are buying gives you the type of coverage you want and need.

Purchasing insurance and deciding which provider to choose can be a confusing and overwhelming task, given the number of options available. The insurance market is highly competitive, so shop around.

When comparing policies, evaluate the same aspects of both policies: deductible amounts, exclusions, inclusions, limits, caps and other stipulations. Perceived bargains might actually leave you under-insured, once you take a closer look. Or, you might over-pay for services that can be found at a less expensive price.

• The company's reliability 
  
• Exclusions
  
• Clauses in the package
  
• Limits on the coverage
  
• Deductible amount
  
• Whether it is a replacement cost or actual cost policy
• Whether it will cover all your needs
• If you get multiple policies with the same company, and/or discounts
• Discounts the company offers