Can you be overinsured?

Can you be overinsured?

Yes, you can be overinsured with too much life insurance. This occurs when your policy amount outweighs your financial obligations minus your assets.

Can you amend a home insurance policy?

You’re able to change your sum insured any time during the term of your policy. Log into your account and select the policy you want to change, adjust the value and follow the prompts.

What does non insurance mean?

Noninsurance — the thoughtful and intentional abstention from the use of insurance to cover an exposure to loss; risk identification was thorough, the uninsured risks are known, and insurance has been considered.