Top 5 Insurance Tips
1. Try to buy enough cover but don't overdo it. Cover all of the bases, from house mortgages to health plans to every single child's education, but don't overspend on coverage that you won't ever need or those that are easy to cover on your own.
2. Always read the fine print. If you are having trouble understanding all of the terms and rules, get help from someone else or a lawyer. You don't want to be caught in a loophole somewhere down the line just because you didn't read the fine print, or did not understand everything that was written.
3. Research and shop around. Don't buy insurance from the first agency that you encounter. Look around and shop for lowest rates and the best support they can provide. If an insurance agency realizes you are comparing, you may end up being offered special rates or discounts just because they really want to get your business. Agencies are also less likely to trick you if they find out that you know what you want and are not afraid to look in different places.
4. If you already have other insurances, make sure you have a reliable record before shopping around for new ones. If you are spotty with your monthly or annual payments, you may have trouble finding low rates or even insurance agencies willing to entertain you.
5. Use the Internet to your advantage. Get free assessments and compare rates online, look for feedback from past clients just to see if an agency treats its clients well.
By Umer Hayat
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