Insurance terms can be complicated but with our special guide, “Covered”, Sagicor General has simplified it to help you understand your policy. This article explores the importance of reading your insuring clause, knowing who is the insured and reading the exclusions and exceptions of the insurance contract.

Read Your Insuring Clause First 

This section summarizes the type of policy you hold and the specifications of the insurance plan. It is the most important element of the insurance contract.  A useful guide to understanding your insurance contract is reading the meanings of the insurance terms in the definition section. 

Know Who is the “Insured”

Work with your insurance provider to ensure that the correct name of the individual is placed on the policy. Many people tend to use a nickname or have a unique spelling to their name. It is crucial to have your correct information specified in the policy.

Read the Exclusions and Exceptions of the Insurance Contract 

The insurance contract will have exclusions and exceptions for coverage. This information should be read carefully and any wording which is not clear should be discussed with your insurance provider.

Learn more about policy wording and types of general insurance in our new downloadable e-booklet, “Covered: The Essential Guide To All Things Home, Motor and Travel Insurance” available here: sagicor.com/covered