Getting insurance is not just about signing a contract and paying premiums. To ensure that you get the right coverage for your needs, you need to ask the right questions to your insurance provider.

Here are 20 must-ask questions to ask your insurance provider before signing up.

1. What does my policy cover?

It’s important to know what kind of damages are covered by your policy. If you don’t ask this question, you might find that you’re not covered under certain circumstances, such as theft or natural disasters.

2. What’s the policy limit?

The policy limit is the maximum amount that the insurance company will pay out in the event of a claim. It’s important to know whether the policy limit is sufficient to cover the cost of damage or loss.

3. How much is my deductible?

A deductible is the amount of money that you pay towards a claim before the insurance company starts paying. Knowing your deductible will help you budget for any potential losses.

4. Does my policy offer replacement cost or actual cash value coverage?

Replacement cost coverage pays the full cost of replacing damaged or lost items, while actual cash value coverage deducts depreciation from the value of the items damaged or lost.

5. What are the exclusions on my policy?

Exclusions are types of damages or losses that are not covered by your policy. Knowing the exclusions will help you determine whether you need additional coverage.

6. Are there any discounts available?

Most insurance companies offer discounts for bundling policies, installing safety features, or having a good driving record. Make sure to ask your provider about any potential discounts.

7. How can I file a claim?

Knowing how to file a claim and the process involved will help you navigate the process in case of damages or losses.

8. How long does it take to process a claim?

The time it takes to process a claim varies among insurance providers, so it’s important to know this information beforehand.

9. What information do I need to provide when filing a claim?

Make sure that you have all the necessary documents and information, such as receipts, photographs, and police reports.

10. Can I choose my own repair service or contractor?

Some insurance providers require that you use their recommended repair service or contractor. Knowing this beforehand can help you avoid any surprises.

11. What happens if I have multiple claims?

Some policies have limits on the number of claims allowed. Knowing this information can help you plan for any future potential claims.

12. What happens if I miss a payment?

Missing a payment can result in a lapse in coverage or cancellation of your policy. It’s important to know the consequences of missing a payment.

13. Can I change my policy mid-term or make changes to my coverage?

If your circumstances change, such as buying a new car or adding a pool to your property, you may need to modify your coverage. Knowing whether this is possible can help you make informed decisions.

14. How often should I review my policy?

Reviewing your policy regularly can ensure that your coverage is up-to-date and meets your current needs.

15. How can I reduce my premiums?

There are several ways to reduce your premiums, such as increasing your deductible or taking advantage of available discounts. Knowing your options can help you save money on your policy.

16. What happens if my property is damaged or lost while traveling?

Some policies offer coverage for damaged or lost items while traveling. Knowing this information can give you peace of mind while on vacation.

17. How does my credit score affect my premiums?

Insurance providers may use credit scores to determine premiums. Knowing how your credit score affects your premiums can help you improve your score and save money on your policy.

18. Are there any penalties for canceling my policy?

Cancelling your policy before the end of the term can result in cancellation fees or penalties. Knowing this information can help you make informed decisions about your coverage.

19. Do I need umbrella insurance?

Umbrella insurance provides additional liability coverage above and beyond your home or auto policy. Knowing whether you need umbrella insurance depends on your personal circumstances.