Delsan Group Financial Services Firm - Tips and Resources - Read Through The Insurance Policy Carefully

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Contact The Delsan Group Today!

Tel.: 514-731-0031
Tel.: 450-433-2434
Fax: 450-430-4561

Email:
broker@delsangroup.com

Address:
6750 Parc Avenue, Suite 350
Montreal, Quebec
H3N 1W7

439 Chemin De Tash
Boisbriand, Quebec
J7E 4H4

Read Through The Insurance Policy Carefully

An insurance policy is a contract between you and your insurance company.

1. Check form numbers against the pages of the policy to determine that you have a complete policy.

2. Ensure the name and address of the insured are accurate. A policy cannot be transferred to another without the consent of the insurer (exceptions do exist).

3. Ensure coverage includes all the areas that you require.

4. Ensure coverage limits are adequate.

5. Check the location(s) listed to ensure they are accurate.

6. Compare edition dates on the form numbers with the edition on the policy pages and the effective dates on the policy.

7. Ensure the insurance company is identified properly. This is important if you need to sue the insurance company.

8. Read the conditions carefully. Many policies require the insured to comply with all policy conditions before claiming on the policy. Some policies may also limit suit to within one or two years after a loss.

9. Clarify any words that are unclear by having them defined in the policy. Look up words in a dictionary to understand their common meaning. If the word has more than one common meaning, the courts will likely adopt the meaning that is most favorable to the insured.

Utmost Good Faith:
Insurance contracts rely heavily on the insured providing complete and accurate information. Deliberately misstating or excluding important information could result in denied claims and policy cancellation.

Delsan Group is there to service your FINANCIAL SERVICES needs INCLUDING LIFE & HEALTH AND Commercial & Personal lines insurance.

For more information, contact the Delsan Group.

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