Before you purchase an insurance policy, you should know what products are available on the market. There is a variety of insurance products on the market and a number of companies offering them. So if you want to benefit from the wide selection of products available, it pays to shop around for price, quality and service. In this section, we will give you some information on how to go about choosing an insurance product.

Whatever insurance you buy, ensure that you obtain all information prior to committing your premium and that you know what types of loss are covered – and what is not!

Before purchasing an insurance product, you should be provided with a Product Information Document which is a very short document containing the main features of the product such as the cover, any exclusions, the name of the insurer, duration of cover, cancellation rights.  This is a very useful document which would allow you to compare similar products issued by different insurance companies to arrive at a decision as to what product is best for you.

Don’t read the policy when you need to make a claim. By that time, it’s often too late.