Taking the time to read the fine print of health, auto and home insurance policies may not always happen with consumers. But it pays to understand what you’re purchasing so there are no surprises if you ever need to file aclaim.
Understand 9 common insurance misconceptions that may occur from a lack of policy knowledge. They were compiled from questions to the Kansas Insurance Department Consumer Assistance Division and the National Association of Insurance Commissioners (NAIC). Ken Selzer, CPA, Kansas Commissioner of Insurance provides insight about each misconception in the July 2017 column, “Insurance Matters”: http://www.ksinsurance.org/documents/department/insurance-matters/July2017-insurance-matters.pdf
By: Nora Rhoades