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As a student, it is easy to make mistakes when it comes to your insurance coverage. Here are some of the most common mistakes students make:
1. Not having enough coverage: It is important to make sure you have enough coverage to protect yourself financially. Make sure you understand your policy and what it covers.
2. Not shopping around: Insurance rates can vary greatly from company to company. It is important to shop around and compare rates before you purchase a policy.
3. Not reading the fine print: Make sure you understand the terms and conditions of your policy before you purchase it. Pay attention to the exclusions and limitations so you know what is and is not covered.
4. Not keeping up with changes: Your insurance needs will likely change as you move through your schooling and your career. Make sure you keep your coverage up-to-date to ensure you are properly protected.
5. Making claims for small amounts: Some insurance policies have a deductible, which is the amount you must pay out-of-pocket before your coverage kicks in. It may not be worth it to make a claim for a small amount, as you may have to pay the deductible plus any other out-of-pocket costs.
1. Not having enough coverage: It is important to make sure you have enough coverage to protect yourself financially. Make sure you understand your policy and what it covers.
2. Not shopping around: Insurance rates can vary greatly from company to company. It is important to shop around and compare rates before you purchase a policy.
3. Not reading the fine print: Make sure you understand the terms and conditions of your policy before you purchase it. Pay attention to the exclusions and limitations so you know what is and is not covered.
4. Not keeping up with changes: Your insurance needs will likely change as you move through your schooling and your career. Make sure you keep your coverage up-to-date to ensure you are properly protected.
5. Making claims for small amounts: Some insurance policies have a deductible, which is the amount you must pay out-of-pocket before your coverage kicks in. It may not be worth it to make a claim for a small amount, as you may have to pay the deductible plus any other out-of-pocket costs.
