I know you don't like to read your insurance policies, but let's face it you do need to. You're paying for them and you may eventually need to make a claim.
Rarely do insurance brokers, even those who have been in the business for decades, take the time to read an entire policy.
When they do so, they are generally seeking a specific answer or researching a problem -- undertakings that require them to review only individual parts of the coverage form and/or its applicable endorsements to determine the required answer or opinion.
- Ascertain who qualifies as an insured.
- Confirm that all Forms and Endorsements are attached.
- Read the Insuring Agreement first
- Read the Exclusions.
- Read the Exceptions to the Exclusions.
- When the policy refers to another section, read that section immediately.
- Pay attention to the conjunctions used in a list.
- Pay attention to key words and phrases.
- Read and understand the Definitions of Specifically Defined Terms.
- Understand and make sure all the policy conditions have been met.
- Confirm the coverage limits are adequate for the loss.