Insurance Surprises: How To Avoid
|Money : Money Management|
It is absolutely essential that you read through your insurance policy before taking out to ensure that you are covered against possible risks for you and that they are not out of the policy.
This means no nasty surprises when it comes to making a claim.
For example, if you get a burst pipe ensure that the insurance covers both the cost of the damage AND getting a new pipe fitted - the latter being costlier.
Also ensure that you disclose any information that you can think of that is relevant when it comes to taking out the policy - you don't want to risk leaving something out that could have an impact and then risk having your claim rejected later for leaving out some material facts.
Questions about insurance: