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Understanding these five basic components found in almost every insurance policy will help you decode your contract:

: Specific situations or items that are not covered by your policy, often found in a dedicated section of your contract. toinsurance

: The recurring amount you pay (monthly or annually) to keep your insurance active. Understanding these five basic components found in almost

: The fixed amount you must pay out-of-pocket for a claim before your insurance company pays the rest. toinsurance