This is a very common question. Let’s start by defining “insurance”. Insurance is an arrangement by which a company provides financial compensation for a specified loss, damage, illness, or death in return for payment of a premium. Obviously, insurance policies are complex and usually have deductibles and exclusions. But their basis is to provide financial …
Tag: insurance
Thoughts and tips on home insurance
Recently, I received an updated insurance policy for my condo. I took the time to review it carefully and noticed a mistake in my initial application summary. It stated my condo does not have laminate or hardwood floors, when it actually has. I called my insurer to have this corrected and decided to ask additional …
