The 5 Parts of an Insurance Policy
Insurance policies contain a ton of information and can often seem overwhelming. Let’s go through it together and breakdown 5 important parts of an insurance policy: Premium Premium is the cost you pay for your insurance coverage. It is typically paid on a monthly, bi-annual, or annual basis. This amount is paid regardless of if you file a claim or not. If cost is an important factor to you when choosing your insurance, you should focus on this section. Deductible Deductible is the cost you pay out of pocket in the event of [...]