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Top 10 Things To Remember When You’re Buying Insurance

Munirah Bahri / 24/08/2018

Whenever you are considering to get insurance, whether it is car insurance, or home insurance, or even health insurance, you must always take several crucial steps to ensure that you are purchasing the right insurance from the best company that has packages that are tailored and suits your needs perfectly. It is never good to get anything that doesn’t fully satisfy all of your needs.

10 Things To Remember When You’re Buying Insurance

Some insurance are expensive, some are cheap, but this does not determine the benefits of the insurance, some cheap insurance have just the same benefits as the expensive ones, so it is always important to do your research so that you know what you are getting at the absolute best possible rates. Ask your agent questions, make sure you thoroughly know your insurance like the back of your hand.

Look For A Reputable Insurance Company

First Things To Remember When You’re Buying Insurance

Top 10 things to remember when you’re buying insurance? Well, insurance is something that is really important and it will be used to protect you are your family’s assets, financial well-being and even health. Since you are going to depend a whole lot on your insurance company, make sure you get insurance from the reputable company, known widely for its great services and effectiveness. You can’t just trust any company to protect your family’s future just like that, do thorough research.

Shop And Compare

Second Things To Remember When You’re Buying Insurance

One of the 10 things to remember when you’re buying insurance is to shop and compare. Just like shopping for anything, you usually take your time, walk around and look for the best price, read the description. Insurance is just the same, and since it has a more important role to play in your family’s future and protection, it is important to compare with all the other insurance options out there before you finalize your decision.

Take Advantage Of The Discounts

Third Things To Remember When You’re Buying Insurance

Insurance can sometimes be expensive but one of the other things to remember when you’re buying insurance is that insurance also has their packages and discounts. It could be the price of one for family insurance, etc. This can be really affordable, just like when you are going to shop for anything else, you usually look for the ones with the discount, you spend less and get more.

Cheaper Is Not Always A Better Option

Fourth Things To Remember When You’re Buying Insurance

Sometimes we always look for the cheaper stuff just to save money as much as we can so that we can spend it on something else. But when it comes to insurance, it is all about how it can protect you and your family and not about the cost. Sure most expensive insurance has almost everything but cheap ones usually have the ones you need more. Make sure you read and understand all your options. Choose the ones that suits your needs, while being cheap. If you need to spend a little bit more, there is no problem.

Ask For The Best Offer

Fifth Things To Remember When You’re Buying Insurance

Asking for the best offer might be hard for some people but it is important to do so. Sometimes the agents know about the offer but they do not tell you until you ask. Just like the salesmen in a store, sometimes they don’t even tell you till you ask, and you will be surprised what kind of offers they have. You will surely go for that offer if you heard about it earlier, so next time when your agent is pitching something to you, ask for the best offer.

Your Agent Is Not Always The Last Word

Sixth Things To Remember When You’re Buying Insurance

Not all insurance agents know everything there is to know about the insurance they are selling, they most likely only know the main points of what they are selling. There is no problem in getting a second opinion in what you’re buying. Just be sure that your agent is not always the last word, ask around, even your family members might have better information. If you don’t know any other family members that have thorough knowledge about insurance then ask another agent.

You Can Always Upgrade Later

Seventh Things To Remember When You’re Buying Insurance

Top 10 things to remember when you’re buying insurance is that you can always upgradxe later. Sometimes you may not be able to afford the insurance plan you are looking for and you might not want to purchase until you have enough money to spend on it regularly, but it is important to remember when you’re buying insurance, you can always upgrade it later. It may not be now or soon, but later, absolutely no problem. There is nothing wrong in getting some protection instead of no protection at all.

Be Truthful

Eighth Things To Remember When You’re Buying Insurance

Did you know that an insurance company is not legally obligated to honor your policy and pay claims if you knowingly misrepresented the truth on your application? Scary isn’t it? The next time you are filling up your application, be truthful, if you have any existing diseases, write it down, if you get a lot of speeding tickets, write that down too. Do not ever lie whenever you are getting insurance, it will come back and bite you hard. This is one of the top 10 things to remember when you’re buying insurance!

Coverage Is Not Always Automatic

Ninth Things To Remember When You’re Buying Insurance

Usually when you buy a new vehicle or add additional structures to your property, they may be automatically covered for a certain time, with that in mind you should know that there is a limit to this coverage. Commonly, you will have a specific time frame, say about 30-days to contact the insurance company and let them know of your purchase. This is the exact same thing when you are trading in a vehicle for another one.

Re-evaluate Your Coverage

Tenth Things To Remember When You’re Buying Insurance

One of the top 10 things to remember when you’re buying insurance is to re-evaluate your coverage whenever possible. There is always going to be major life changes for everyone, and when you have these significant life changes, like a purchase of a new house, getting married or divorced, birth of children, it will most probably affect your insurance coverage and you will then need to update your insurance coverage. Even if you have no huge life changes, it is recommended that you still do a check-up on your policy annually.

Conclusion

With all of those things to remember when you’re buying insurance, it is important to start considering getting insurance for yourself and your family. A medical card is something that is vital in today’s world, where medical care is extremely expensive. AXA eMEDIC is offering medical card from the price of RM 32/month, this is one of the cheapest products out there in the market today and it also comes with one of the best deals, visit PolicyStreet.com to find out more.

Eleventh Things To Remember When You’re Buying Insurance

In fact, we are currently giving away RM50 rebate for every purchase of AXA eMedic! Further savings for your every penny! Don’t wait for the promotion to end. Act now at PolicyStreet.com!!

 

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