Question

What are the steps to be taken at the time of taking an insurance policy?

Answer 1

The steps to be taken at the time of taking an insurance policy are:

1. Determining the type of asset and the amount of it which we have to insure.

2. Look at the cost factor of the whole process.

3. Contact various insurance companies for the policy.

4. Don't go overboard buying policies from the insurance company and select the most ideal policy.

5. Revisit your insurance needs.