Insurance Watch-Out Words
The most tedious part of reviewing insurance policies? The fine print. It can be full of loopholes and exemptions that, let’s be honest, we may overlook or not quite understand. Although it’s not the most exciting part of insurance, it’s imperative you dig into it, so you know what your policy covers and leaves out. Terms like “eligibility”, “limits of coverage”, and “exclusions” usually jump off the page when you’re scouring through your plan, but there’s so much more. You need a firm understanding of your policy so you can plan for risks or even identify necessary, additional coverage to protect your home.We put together this helpful list of words you should keep an eye out for when reviewing natural disaster protection within your policy: Sneaky deductibles: Did you know you can be hit with a special deductible when filing a claim depending on where you live? Yep, that’s right. [...]