Summary of key messages 2022

• Insurance can be purchased directly from the insurance company or through an insurance agent or broker.
• Shop around and negotiate for the most affordable insurance coverage that meets your needs.
• Before the contract is finalized, read the fine print and ensure that you understand the insurance policy, including what it covers and what it excludes.
• Both the insured and the insurer are required to act in good faith—that is, to conduct themselves with complete candor and accuracy in their contractual dealings.
• Insurance fraud harms honest policyholders by increasing the overall cost of insurance. Insurance fraud is a serious offense.

At the conclusion of the module, there is an action plan. This is a tool that you can use to monitor your progress and determine the next steps necessary to successfully manage insurance in the future. Utilize the action plan as a guide for financial decision-making!