Insurance contracts are often full of technical language and exclusions. It’s essential to read and understand the fine print before committing to a policy.
- Tip:
Look for exclusions and limitations—Make sure you know what is NOT covered by your policy. For example, many homeowners insurance policies exclude damage from floods or earthquakes, so you might need additional coverage for those risks.- For Life Insurance: Check the waiting periods for specific illnesses or conditions that might not be covered immediately.
- For Auto Insurance: Understand the deductibles, limits of coverage, and whether you’re covered for rental cars or roadside assistance.
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