What are the mistakes in buying insurance

Buying insurance is like preparing an umbrella for yourself in advance on a sunny day. But many policy holders in the "rainy season" after the arrival of suddenly found that before the purchase of the "umbrella" can not protect themselves. This is mainly because the insured fell into the wrong area when they insured, resulting in the "umbrella" failure.

Mistake 1: insurance is equal to relief. Many policyholders think that after paying the premium, the insurance company should share the responsibility for themselves. In fact, only when there is an accident of insurance liability, the insurance company must compensate.

Mistake 2: insurance is equal to compensation. In many kinds of insurance liability and insurance amount, the maximum insurance amount of this kind of insurance is clearly defined, and in the specific claim process, the actual claim amount obtained by the insured is generally less than the insurance amount.

Mistake 3: buy insurance without risk. Insurance is to spend money now to buy Security in the future. People have misfortunes and blessings all the time. Things are hard to predict. Once disasters come, it's too late to think about insurance.

Mistake 4: individuals can't afford insurance. In fact, the cost of many kinds of ordinary insurance in China is very low. For example, the premium rate of family property insurance is 3 ‰ and that of personal accident insurance is 2 ‰, which most people can afford.