The premiums charged for homeowners and renters insurance vary widely from company to company, so it pays to take the time and effort to shop around in order to get the best value for your insurance dollar. Throughout this document we have italicized industry terms and described them more completely in the Glossary of Terms on pages 28 – 31.īack to Top Getting the Most for Your Insurance Dollar You should always take the lead in deciding what sort of insurance to buy and how much insurance you need. Never make important decisions on the spot without conducting research first. Allow the proper amount of time to make an informed decision.
It is always wise to compare policies on your own to help determine the best product for you.Īlways try to plan ahead when you need to purchase insurance. Find an agent or broker who is willing to spend time discussing your needs and how specific insurance coverage can best meet your needs. Don’t rely only on the word of someone else, including an insurance agent or broker, as to what is the “best coverage” for you. Also, research the coverage options that are available to you. Make sure to compare prices, policy coverage and conditions, and complaint information. Take the lead in shopping for and understanding your insurance policy. When you purchase insurance, it is important to remember to shop for insurance in the same way that you shop for any other consumer product. While it is difficult to predict future losses, you can minimize the impact on yourself and your family by spending the time necessary to familiarize yourself with your policy and how it specifically addresses your needs in the event of a loss. In order to best protect your family, your home, and your possessions, it is wise to take the initiative to fully understand your homeowners or renters insurance policy. This guide was designed to give you a better understanding about the kind of homeowners and renters insurance that is best for you.
Perils Generally Covered and Not Covered by a Homeowners Policy Coverage F - Medical Payments to Others.Getting the Most for Your Insurance Dollar
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