Exclusions - This section literally takes away much of what was described in the insuring agreement. This part informs you how the coverage is limited. Usually, the exclusions are much longer and more specific than the insuring agreement. It is important to understand what is excluded. If you are not comfortable with what you have read, then by all means, contact your agent to discuss any concerns or confusion you have.

General Conditions - This section is perhaps the most straightforward and easy to understand section of your policy. Here, you will find what you are required to do in the event of a loss. Also, other general policy terms will be listed in this section. This section may appear less critical, but failure to comply with the general conditions could jeopardize your coverage. Make sure you understand what is expected of you.

Reading an insurance policy can be overwhelming. It is a good idea to set it aside for a day after you have read it, then pick it back up and read it again. Whatever you do, don’t just file it away if you aren’t comfortable with it. An insurance policy of any kind is not going to be easy, enjoyable reading, but the better understanding you have of the general structure, the more assured you can be of having the correct amount or type of coverage for your needs. A great website to start researching policies and finding answers to your questions is http://www.mostchoice.com. Remember, if you have any questions, or you feel uncomfortable about what you read in your policy, contact your insurance professional.

Types of Insurance and Terminology

Having a health insurance policy is one of the most important policies you will own. Without a health insurance policy, you can suffer devastating consequences. It is better to be covered, than not. When searching for a health insurance plan, or if you already have signed up for one through work, the plan terms, descriptions of provisions and coverages, can be hard to understand. Listed below are some common coverage terms to help you understand more about what your health plan has to offer.

Your deductible refers to the amount of money you need to pay, before any benefits from the policy can be paid on your claim. Co-insurance / co-payments, are the amount that would need to be paid by you before the insurance pays, and is in addition to the deductible. The lifetime maximum is the most amount of money the health insurance policy will pay for the entire life of the policy.

Exclusions are the things that the insurance policy will not cover. As you are reviewing your exclusion’s section, take a look at the size of the list. If it is a large list, then the insurance company has tried to record all of the exclusions listed throughout your policy; if it is a short exclusions list, this usually means that they are listed throughout your policy. Be careful when you read this list; make sure you understand it and you don’t miss anything. And a final note, there are pre-existing conditions. This refers to a medical condition you or someone in your family had before you obtained the policy. Some plans will cover pre-existing conditions, while others will exclude them.

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