When it comes to signing any document you want to make sure you read all the fine
print. Every contract, insurance policy and legal document will most likely have
disclaimers attached. This is where the person writing the contracts can hide all
sorts of things.
In an auto insurance policy the disclaimer is where the insurance company will list
all the things that they will not cover. The font size of this part of the policy
is much smaller than the rest of the policy and you almost have to use a magnifying
glass just to read it. The most important thing is that you do read it. This way
you know what to expect when you go to file a claim.
Many people end up surprised come claim time when they are told by the insurance
company that they are not covered, and would have known if they read the fine print.
You may also fine hidden fees and expended deductibles hidden in the fine print.
They may add money to the deductible if your car is damaged in a certain way or
if someone that is not covered drives your car. The insurance companies may hide
pretty much anything they want to say in the fine print. Most of the time it is
in terms that you don’t even understand. Some people are lucky and have a decent
agent who tells them what all that fine print means, but for others, it's best to
consider taking your policy to a lawyer to have them tell you what the fine print
means. This may sound drastic but you must protect yourself anyway you can.
It is possible for an insurance policy to say that something is covered but in the
fine print it will say that the same thing they said was covered earlier is not
covered. What counts is what is in writing. Unless you read the fine print
you may not know the truth.
Sometimes, if you are in a hurry, you may just go ahead and sign and not worry about
the fine print. While this will be alright as long as you never need to make a claim,
if you haven't read the fine print you need to understand you are taking a gamble
with your coverage. The only way you can truly know what is and is not covered in
your policy is to read the fine print. If you don’t read it, you may end up making
a gamble that causes you to lose a lot of money in the long run.
The disclaimer can also be known to say that the policy may change without notice.
That means your insurance company is able to change your premiums and your coverage
and you won’t be able to do a thing about it. That could be a major shock when you
open a bill a few months down the road.
Instead, You need to look over the fine print. If you are not comfortable with any
of the aspects of it, you should not sign. Instead, you need to go and search for
an insurance company that will give you a policy that you want.