Car and home insurance: what are you paying for?

Car and home insurance: what are you paying for?
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Published April 5th, 2016 - 10:37 GMT via SyndiGate.info

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Ensure you are not overpaying for coverage you may not need, and read the fine print. (Shutterstock)
Ensure you are not overpaying for coverage you may not need, and read the fine print. (Shutterstock)
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If you’ve a car or a home (or both), you probably have shopped for insurance at a certain point. The experience may seem straightforward, where you send your car or home details to multiple providers and you receive rates for coverage.

In this experience, rates are not the only factor you should be looking at, however. Cheaper doesn’t always mean better — or worse. It is often a matter of how much coverage is reasonable for what you’re insuring, and which provider can present a competitive offer for what you’re looking for.

With that in mind, you must be willing to look closely at the offers you’re getting. If you’re simply provided just a number, ask to see the terms of the policy. Only if you compare apples to apples, you will be able to see the most attractive offer.

But that is not everything. When it comes to insurance, you also need to make sure that you’re not overpaying for coverage that you don’t need. So while you’re going through the policy, ask questions about any coverage that seem excessive, or absolutely unnecessary.

Here are a few points that help you get a good coverage at a good rate. 

© Al Nisr Publishing LLC 2016. All rights reserved.

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