Purchasing an insurance policy

Knowledge

Purchasing an insurance policy You are here: Home There are 3 ways to purchase an insurance policy:1) Purchase directly at an insurance company2) Purchase through an insurance agent3) Purchase through an insurance broker An insurance company is the one who drafts the policy and pays for the claims. This brings about a conflict of interest.…

What is a good insurance policy?

Knowledge

What is a good insurance policy? You are here: Home What is a good insurance policy? The essence of an insurance policy is its “conditions” therefore, a good policy for the insured must offer “broad coverage, less restrictions and competitive premium” Broad coverage can be measured through 2 ways: quantity and content. Quantity is easy…