Last Updated on April 22, 2021
2. DON’T THINK YOUR POLICY WILL COVER ALL THE EVENTS
You really don’t want to be a victim and pay for benefits that you won’t take advantage of. There are many reasons why your claim may get rejected, and one of them is its basis doesn’t match the features of the policy, which is why you have to check the benefits, features, and exclusions to be more informed.
3. DON’T UNDERINSURE
In order to reduce premiums, some people try to take out less coverage. But this method could lead you or your loved ones to be financially dry and high in the event of a claim, and the reason is the coverage you took out could not be sufficient to cover the important financial commitments.
