Insurance insights: things to be aware of when buying a piece of paper
Dan Garner of PIC Insurance Brokers took a good chunk of time out of a busy day to write down some market insights and top tips for buying insurance...
"Insurance is never going to be the most exciting thing in your life, I hope. For most people, until something (probably bad) happens, insurance is just a piece of paper that’s thrown into the bottom of a drawer, or just another email in an ever-growing inbox.
By definition, “Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses…” There are loads of types of insurance, each with a huge range of conditions and requirements. Most people are broadly aware of what they’re covered for, how many read the various documents and policy wordings, taking the time to truly understand them? Not many… if any. Read on