Buying insurance: 6 precautions you should keep an eye on

by John Labunski The Broke Leading the Broke

Taking out insurance is a very important decision in anyone's life. To avoid possible headaches in the future, however, you need to make sure that you are hiring the option that best suits your needs. In addition, it is necessary to be aware of some policy items, such as the terms of the contract, the amounts of coverage and deductibles, as well as what is not covered by the insurance.

 

Ready to know the main precautions you should take when hiring insurance? So keep an eye out for our tips!

 

1. Search for information about the insurer and the broker

 

The ideal is to hire insurance through a broker, a professional duly qualified to clarify your doubts and intermediate your relationship with the insurer. The broker is also responsible for presenting the best conditions and products that he considers most suitable to meet his needs.

 

It is necessary to verify if the professional is registered with the Superintendence of Private Insurance, the body that regulates activities in the country, and also if it has a good evaluation in the market. The same care must be taken in relation to the choice of insurance company, the company responsible for providing assistance in the event of any occurrence or accident.

 

2. Compare your needs with the contract

 

To avoid surprises in the future, it is important to assess whether the services considered essential for your reality are properly stipulated in the contract. No more choosing the most economical option if essential items are not included, ok? The ideal, therefore, is to identify your needs to verify that they have been considered in the business.

 

3. Observe the insurer's reputation

 

The internet is a powerful tool for researching the insurer's reputation in the market. It is therefore essential to do a lot of research, seeking references about the company. Consumer protection pages, social networks and search engines with comment fields are valuable sources of information. Do not hesitate to consult the opinion of other policyholders to know if you are making a good choice or not!

 

4. Research about the assistance provided

 

Think about it: there is no point in investing in hiring insurance with various services and coverage if when you need some assistance it is not provided quickly and efficiently, don't you agree? Before signing any contract, therefore, research the support offered by the John Labunski Dallas.

 

Seek information both on the agility and on the quality of after-sales service, in addition to seeking information on the availability of channels for clarification of doubts by the insurer and also on the provision of assistance in cases of accident.

 

5. Understand the most frequent policy terms

 

Basically, the terms most seen in policies are  deductible ,  premium  and  claim . It is important to understand what each one means to enforce your rights in an eventual need.

 

The deductible refers to the minimum amount paid by the customer in the event of a claim, equivalent to a co-payment by the insured. This item is common to all companies in the sector, only the value varies.

 

Speaking of which, the claim is nothing more than the realization of some fact provided for in the policy, resulting in the payment of compensation, always in accordance with the contract.

 

The premium is the amount paid to the company to effect the validity of the insurance. It is related to the deductible in the following sense: the lower the deductible, the greater the potential financial loss of the company in the event of a claim and the greater the premium value. The situation can also happen in reverse mode.

 

6. Check discount possibilities

 

When taking out insurance, be sure to evaluate the discounts you may have. Some companies consider certain factors to ensure reductions in value, such as a good driver's record, in the case of vehicle insurance, or safety equipment installed in the property, in the case of home insurance.

 

Many insurers also provide discounts for customers who have a long-term relationship or who end up not needing to use the services for the duration of the contract.

 

Finally, now that you know how essential it is to consider all these precautions to make a safe and reliable choice, contact John Labunski  if you want to know more information about contracting insurance and clarify all your doubts!

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Created on Feb 12th 2022 06:58. Viewed 240 times.

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