Short term insurance encompasses all types of insurance policies, other than life insurance. Among these types of insurance policies are vehicle, household, property and business insurance, among others. When shopping for this type of insurance, there are specific questions you need to ask. The answer to these questions guide you in your approach as to which type of insurance is best for you.
Question #1 – What Kind of Coverage Do I Need?
This first question is the starting block you need to ask yourself before you even start shopping around for short term insurance. Do you need business insurance? Third party or comprehensive vehicle cover? Do you need coverage for your personal vehicle, or fleet insurance? Knowing what to look for before you start your search is key to finding the best product to meet your needs.
Question #2 – What Is The Excess?
Some people prefer not to have an excess on their insurance policy, while others do. An excess is the amount of money you need to pay into a claim before the insurance company pays out the rest. When you take out an excess on your insurance policy, your premium is usually lower than when you don’t. Be sure that you will be able to afford the excess allocated to your policy, if the time comes that you need to lodge a claim, and know what the excess is before you sign on the dotted line.
Question #3 – What Is The Claim Procedure
The last thing you want to deal with when you are in the throes of a crisis is to try and figure out who to call, or what forms to fill out. So know what you should do should you ever need to lodge a claim with your insurer.
At ES Brokers, we make short term insurance easy. Contact us to learn more about how we can help you stay insured and covered against life’s happenstances. We look forward to providing you with adequate insurance coverage that exceeds your expectations.