Forum Discussion
Naio
Jan 17, 2016Explorer II
3oaks wrote:
A big problem with insurance is that the policy holders don't take time to read and understand their policies until they are facing a loss.
What I found when I was shopping for insurance was that companies will not allow a potential customer to read the proposed policy until after tbey buy it. So we cannot choose based on details of coverage.
Example: My home owner's insurance policy does not cover the cost to repair or replace a broken water line, but it will cover any water damage caused by broken pipe. It will not cover the cost of replacing a malfunctioning appliance but cover the house and contents if they are damaged by a fire caused by that appliance.
Good to know. What company do you have?
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