Consider insurance as your fall-back plan in case things go wrong. Can you afford to replace the item if it was taken away? The onus to pay premiums is on the person taking out the insurance.
When buying insurance consider the value, cost, terms, coverage, excess, and insurance company’s reputation.
When you think you may make a claim contact the insurance company as soon as possible and keep in contact with them until fully complete.
To reduce premiums maintain houses and cars, install locks or security systems, link policies and review value insured regularly.
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