Insurance polices that aren’t understood clearly can be more than just a headache. No deal, contract or insurance plan and policy comes without a certain level of limitations and you can’t afford not to understand the terms and conditions of your current policies. Now’s probably a good time to drag out the boring T’s & C’s bit of your caravan insurance policy and those insurance car papers you were handed when you bought your vehicle.
Before making any decision or any choice regarding your insurance policies, you have to be sure that know what you’re actually insuring and that those monthly or yearly payments are going to be more beneficial than not.
When choosing a policy tailored for building insurance, house insurance or any kind of landlord insurance, your policy should be aimed at protecting your assets. Sounds simple, but how well do you understand your current policy and are you paying through the nose for it?
When you are in the process of dealing with any insurance provider you have to be prepared to ask questions. Not all home and contents insurance, car insurance, third party insurance policies are the same and things that come standard with some providers may be additional options with others.
If you are not sure what you need to protect or what is really worth protecting, you’re not going to be able to make much of an informed decision on your latest home insurance quote. Make use of insurance valuers who know their stuff and who can offer you a clear picture and understanding of what you’re assets are really worth. Nanna’s china set may actually be worth a lot more than you think and leaving it out in the garage may not be the best decision.
The biggest misconception people have about insurance is that it’s not worth it. But that’s a choice, really. Know what your paying for and how much your assets are worth, then calculate the cost of replacing them without a policy in place. Now add a little extra on top for easy sleeping and general peace of mind. That’s what your insurance is for: peace of mind.