Posted on September 24, 2008 at 12:58 pm Make sure to read your policy from cover to cover and any updates that may have been made to it. Keep your fills in a place easy to find. Watch out for the fine print and never just take someones word for what they cover, get it in writing.

Posted on September 25, 2008 at 11:39 am I agree with this- It's important to have the policy and all the additions to the policy in a place you can easily find it- Also in a fire proof safe.  That way you aren't digging for it- if you really need it.

Posted on September 29, 2008 at 6:36 pm I make copies of things like that as well and give one to my mother for safe keeping.

Posted on December 3, 2008 at 10:21 pm I would assume the OP is talking about homeowner/renter/liability/errors and omission types of policies. There is something called a declarations page that comes with all these types of policies and is usuallt the first page of the insurance packet. This is the page that will tell you what is covered by the policy. If it refers to a particular section in the policy, that section will further explain what is and what isn't covered. Read it. All life policies are for a certain face value or face amount. That amount is placed on the application which becomes part of the policy. The face amount is also usually found on the first page of the policy. If it is a whole life type policy, you will also see a page with columns titled cash value, extended term insurance and paid up value. These are called non-forfeiture values. You will notice they will have numbers in them. Those numbers tell you what each type of non-forfeiture value will be worth to you in the following years. I won't explain each one in this post as it will make the post a mile long. If you have a health policy, your coverage will be listed and explained in detail. Read it. An insurance policy may come with riders and/or exclusions. Generally speaking a rider adds something and an exclusion leaves something out. Each has to be clearly explained on a page of its own. The above remarks are only for those policies issued in the USA. I can't speak for policies issued anywhere else. I co-own an insurance agency with my son so if you have any questions, feel free to write me and I'll respond. BTW, just for giggles, visit our page at www.aisreno.com to get an idea of how easy it is to buy insurance. Thanks to the Internet you now can buy life, health, auto and other types of insurance and never enter an insurance agent's office. Here is a policy type that didn't exist a few years ago. Short term medical insurance. You buy a non-medical policy that covers you for up to a year. It is designed for people who need coverage for less than one year. Maybe you are in between jobs or just graduated from school or are in some other such situation. You can buy health insurance and be protected. I'm not sending you to my site so you buy anything. I'm sending you there so you can see how the insurance business has morphed over the years to keep up with the times.

Posted on March 23, 2009 at 2:16 am You can't simply assume something is covered just cause you think it is. For instance, some homeowner  policies don't cover floods. But you wouldn't know that unless you read the policy. Good point you made.

Posted on March 30, 2009 at 12:43 pm Reading your policy terms and conditions will actually save you a lot of problems in the future because you will be aware of their tricks before hand and will not fall pray to them. And yes its always a good habit to keep a copy of the documents in reach for easy access.

Posted on March 31, 2009 at 2:22 am yes it is an endowment policy i read terms and condition  

Posted on March 31, 2009 at 4:46 am yah, this is crucial, i allways read the terms and haven't got it wrong yet