What is an insurance policy? Do you know? Most people have no idea, they just know they are required to have one.
Quite simply, a policy is a contract between you, refered to as the insured or the policy holder and the actual company that issues the policy to you, called The Carrier.
This contract identifies the name(s) of the person or people the carrier has agreed to protect if an incident happens. It also outlines the coverages you are afforded, we will discuss this in more detail next time.
Sadly, most people don't know where they put the policy their carrier sent them, much less what it says. Why? Because reading an insurance policy is like going to the dentist, you'd simply rather do anything else.
Your mission today, should you choose to accept it, gather all of your insurance policies and put them in a safe place. You'll need it next week to solve the coverage mystery.
Manny
Take a look at my Facebook page-www.facebook.comVillarrealInsuranceServices and give me a thumbs up, like.
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