INSURANCE | Consumer tips


March 11, 2009 at 12:00a.m.

INSURANCE | Consumer tips

The National Association of Insurance Commissioners recommends these basic tips to help Americans better understand their insurance policies:

Educate yourself. Learn as much as you can about insurance before shopping for a policy. The NAIC Web site www.insureUonline.org is one resource that provides consumer insurance information for those considering or buying insurance.

Shop around. Get premium quotes from several companies for the amount of coverage you require.

Check qualifications. Call your state insurance department if you are unsure about an insurer or agent you are working with to make sure they are legitimate and licensed to do business in your state.

Review your policy. Periodically evaluate the scope of your coverage; don’t wait until you need to file a claim.

Source: NAIC