6.3.11 Summary of key messages

• You can buy insurance directly from an insurance company or through an insurance agent or an insurance broker.
• Shop around and negotiate for the insurance coverage that meets your needs at the best cost.
• Read the fine print and make sure you understand the insurance policy, including what it covers and what is excluded, before the contract is finalized.
• Both the insured and the insurer have the obligation of good faith—that is, to exercise complete honesty and accuracy in their contract dealings.
• Insurance fraud hurts honest policyholders by driving up the cost of insurance for everyone. Insurance fraud is a crime.

At the end of the module, you will find an Action plan. This is a tool that you can use to track your progress and take the next steps to manage insurance successfully in the future. Use the action plan as a roadmap for financial action!