14 tips to get the most value from your insurance

DEC 13, 2017 AT 01:52 AM
by Mary Weber

127678

5. Stay away from cheap policies

Buying very cheap insurance policies may not be a good idea. There are loads of ways these insurance companies can swindle you and avoid to pay out the money. Fraud is common with cheap services. Even if you are a client of a big company, purchasing their cheapest policies wouldn’t be a great idea.

When it concerns your safety and confidence, it’s always better to watch out. Make sure you pay your money for an existing service featuring optimal benefits.

Insurance intelligence is getting much more important today than it was years ago. A whole range of items and things are being insured: cars, homes, health, travelling overseas, life and even parts of the body.

6. Keep all receipts

Whenever you pay money for something that can be covered by insurance, keep the receipts. Such documents can help whenever there are disputes concerning payments. Even if you won’t take the company to court, the receipts will help to prove your rights or change the payout amount.

Small tip: in case you lost the receipts from shops, car service or house renovation service, just ask the company to make you another copy. Usually it’s free of charge and takes only a few minutes.