Is It Better To Buy The Cheaper Insurance Policy?
Insurance advertisements often claim that those on their policies saved money. It might make you wonder about your own insurance policy. Why is this insurance company cheaper than mine? Does this mean that my insurance company makes a lot more money?
It all comes down to how much money your insurance company pays out.
The cheapest insurance is, of course, no insurance at all. In many cases, this will not cause any financial losses at all. But that’s not the point of insurance, which is bought in case an incident occurs.
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