Ask what is included and what is not included in the insurance policy. Check all available solutions. How much is the premium? This way you will be educated enough and in a position to take the correct decision. Specifically:

• Learn the insurance perils or covers included in your insurance policy as well as any additional covers that you may choose.

• Ask to know the exclusions that will apply in your policy and which of them you can waive – usually with very small additional premium. Ask about ‘excess’, the amount you will have to pay in case of a claim.

• Ask for a policy specimen. Read it carefully, note any queries and ask for clarification by the insurance company prior to taking your final decision.

• Take quotes from more than one insurance companies in order to have a full picture of the insurance policy you are about to buy.

Bear in mind that your employer may offer you some kind of insurance within your employment benefits. The administration committee of the building you live in might have insured the communal areas something that is required by law.