Understanding Insurance Basics

Qualifying for Insurance

Insurance companies will evaluate whether they will issue a policy based on certain criteria, such as:

• your age
  
• your gender
  
• your medical history
  
• any previous claims you have made
  
• the amount of coverage you are requesting.

No matter what type of insurance you are applying for, be sure to answer all questions on the application fully and honestly. If you don't, your policy could be cancelled and any claim you make in the future could be refused.