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Certain types of insurance are easier to compare than others. And of course, when you compare any kind of insurance, it's important to compare apples to apples in order to get and understand a reliable insurance comparison.
When comparing term life insurance for instance, policies are fairly standard. A few variables would be things like the length, or "term" of the policy. Some policies don't take effect right away either. One policy might take effect immediately, another might not take effect (pay off in event of death) for one or two years. Others even allow for suicide and acts of war where most don't. And still others will put all payments on hold if the death occurs under strange circumstances and foul play is in question.
So, if you are looking into term life insurance, and you are comparing rates and quotes, make sure you are comparing policies that are all identical. A higher premium might mean better coverage with few stipulations to abide by.
Auto insurance is different. It's almost impossible to get a good comparison when it comes to looking at individual pricing for each line item. Some insurance carriers have minimums that are higher than other carriers, and in some states that is coverage that is mandatory and some that isn't. If you happen to be relocating to another state, getting car insurance quotes can be quite confusing if you don't know what you have or what you need.
Home insurance is a bit confusing as well, especially when it comes to figuring out the deductibles. Some deductibles are standard, others can be selected to raise or lower your premium and coverage.
Many people make the mistake of assuming that all insurance policies are identical. Even home insurance that is meant to cover condos isn't the same when it comes to what is covered and what is not. Even though much depends on the condo building/unit itself, you still should read through the policy and have a discussion with your condo board to fully understand what is covered.
For instance, some condo buildings say the owner owns the windows; other buildings say the building owner/ home owner association owns the windows. This makes a big difference when it comes to figuring out who is going to pay for broken or even malfunctioning windows. Don't make any assumptions before, or even after, you settle on a policy or carrier.
Using insurance comparison tools online can help save you money. In any type of insurance coverage you may be looking for, including purchasing collision insurance too.
Article Source: http://EzineArticles.com/?expert=Felix_Fassbinder
