Unlocking Savings: Your Ultimate Guide to Finding Cheap Insurance Without Sacrificing Coverage
Finding affordable insurance can often feel like searching for a needle in a haystack. With so many options available, it’s crucial to understand how to navigate the complex world of policies without sacrificing your coverage. Many people believe that they have to pay a premium to get good insurance. However, that’s not necessarily true. By knowing where to look and what factors to consider, you can secure cheap insurance that actually meets your needs. This guide will take you through essential tips and strategies to find the best cheap insurance deals, making sure you don’t leave vital coverage on the table. Your journey to financial savings starts here!
Main Points
- Understanding the importance of comparing cheap insurance rates.
- Exploring options for cheap insurance for young drivers.
- Identifying cheap insurance for families to fit your budget.
- Utilizing online resources for a quick cheap insurance comparison.
- Finding exclusive offers and cheap insurance quotes that save you money.
Understanding the Basics: What Cheap Insurance Really Means
When exploring the world of insurance, the term “cheap insurance” often surfaces. However, the phrase can sometimes evoke confusion. What exactly does it imply? Does it signify lower coverage, or is it simply a way to encourage more people to sign up? Understanding the intricacies of cheap insurance can empower you to make informed decisions.
The Allure of Cheap Insurance
Many individuals are drawn to cheap insurance quotes in hopes of saving money. While aiming for cost-effective options is logical, it’s crucial to consider what’s behind those tempting price tags. Often, low premiums come with compromises in coverage, which can lead to unexpected costs later. A thorough evaluation of what you are receiving in exchange for those savings is essential.
Factors Influencing Cheap Insurance Rates
Several elements can lead to variations in insurance costs. Understanding these factors can help you get better rates without sacrificing quality. Here are some key points to consider:
- Your age: Generally, cheap insurance for young drivers can be challenging to find. Younger drivers typically face higher premiums due to a lack of driving experience.
- Your driving history: A clean driving record can significantly reduce your insurance rates. Minor accidents or traffic violations might push the costs up.
- The type of vehicle: Some vehicles naturally accrue higher insurance rates. Sports cars or luxury models often come with heftier premiums compared to sedans or hatchbacks.
- Your location: Urban areas might present higher rates due to increased risk of accidents or theft, while rural areas may enjoy lower premiums.
While many are eager to spot those enticing cheap insurance rates, it’s important not to overlook the fine print. Always read your policy carefully. The actual coverage provided can be vastly different from what you may perceive at first glance.
Is Cheap Insurance Worth It?
Ultimately, the decision to pursue cheap insurance should relate directly to your needs and circumstances. Often, balancing cost with sufficient coverage is the key. Cheap insurance can serve its purpose effectively, provided that it meets your requirements. Nevertheless, bear in mind that cutting costs shouldn’t compromise your peace of mind.
In summary, while the search for affordability in insurance is essential, it’s equally vital to understand what you are compromising. In the convoluted world of insurance, clarity and knowledge serve as your best allies in making smart choices. Happy hunting for those cheap insurance quotes, and may you find a suitable balance between cost and coverage!
Key Strategies for Comparing Different Insurance Providers
When it comes to finding the right insurance, it often feels like navigating a maze. The plethora of options can be overwhelming, making it essential to have effective strategies in place. Here, we will explore some key methods to help you compare different insurance providers effectively, ensuring you find the best coverage tailored to your needs.
Understand Your Coverage Needs
Before embarking on any comparison, it’s vital to understand what you need. Start by evaluating your situation. Are you looking for cheap insurance for families or perhaps something that covers specific risks? This foundational step will guide your search and streamline the process.
Utilize Online Tools for Comparison
In today’s digital age, taking advantage of technology can save time and effort. Many websites offer tools that allow you to compare various policies side by side. Look for platforms that focus on cheap insurance online. These tools simplify the process and can display key differences among providers, such as premiums, deductibles, and coverage limits.
| Insurance Provider | Premium | Coverage Types |
|---|---|---|
| Provider A | $500 | Basic, Comprehensive |
| Provider B | $450 | Basic, Family, Personal |
Check Reviews and Ratings
While comparing policies, don’t forget to examine customer reviews and ratings. These insights can reveal a lot about an insurer’s customer service and claims process. A cheap price may look appealing, but often, poor support can lead to frustration in the event of a claim. Gathering genuine feedback from others can provide clarity in your decision-making process.
Consider Discounts and Offers
Insurance providers often have various discounts that can significantly reduce your premium. Be proactive in asking about these opportunities. Sometimes, bundling different types of insurance, such as auto and home, can lead to substantial savings. Searching for cheap insurance comparison websites can also help highlight any available discounts.
Consult with Insurance Agents
Lastly, consider speaking with an insurance agent. They can provide personalized advice tailored to your specific circumstances. An agent’s expertise can help clarify any confusing policy details, distinguishing between those that seem similar but have different implications. This human touch can often be the difference between feeling lost and feeling confident in your choice.
In conclusion, comparing different insurance providers is a process that requires careful thought and strategic action. By understanding your needs, utilizing online tools, checking reviews, considering discounts, and consulting with agents, you’ll be better equipped to make informed decisions. Remember, it’s not just about finding the cheapest option but rather the best value for your specific needs.
The Importance of Coverage: How to Balance Cost and Protection
When it comes to securing your peace of mind, navigating the world of insurance can often feel overwhelming. The constant tension between finding cheap insurance deals and ensuring adequate coverage is a reality many of us face. Balancing cost with protection is crucial, yet it requires careful consideration and, sometimes, difficult choices.
Understanding Coverage
Coverage refers to the extent of protection your insurance policy provides. It’s not just about having an insurance plan; it’s about having the right coverage that suits your unique needs. Some might think that opting for a cheaper policy is sufficient, but without the necessary coverage, you could find yourself in dire straits when faced with unexpected situations. Therefore, understanding the nuances of coverage becomes paramount.
Cost vs. Protection
Many people are tempted to choose low-cost policies, thinking they can save money on cheap insurance deals. However, these decisions often come with potential drawbacks. If the coverage is minimal, you might end up paying more out of pocket in the event of a claim. For instance, consider a scenario where your vehicle is involved in an accident. If your policy covers only the bare minimum, you may find yourself financially exposed.
That’s why it’s vital to assess the importance of coverage. You want to ensure that your policy not only fits your budget but also provides a safety net against unforeseen events. Asking yourself questions like, “Am I adequately protected?” or “What is excluded from my policy?” can help clarify your needs. This process can be a bit confusing, especially when insurance jargon complicates matters. But don’t let that deter you; digging deeper often reveals insights that are indeed invaluable.
Finding the Right Balance
Achieving the right balance between cost and protection requires a strategic approach. Start by evaluating your current needs. Do you frequently travel or use your vehicle for work? A basic policy might not cover all scenarios you might encounter. Likewise, if you own valuable assets, comprehensive coverage could be worth the investment.
Moreover, it pays to shop around. Different providers offer varying levels of service and coverage options. Sometimes, the best value isn’t just the lowest premium but the policy that offers the most comprehensive features at a competitive price. Make sure to compare quotes while paying close attention to what’s included. After all, understanding what you actually get for your money is crucial in today’s intricate insurance landscape.
In conclusion, the balancing act between cost and protection is complex but necessary. Remember, while cheap insurance deals may seem appealing, the true value lies in obtaining a policy that meets your coverage needs without exposing you to unnecessary risk. As much as we’d like to rely on numbers and plans, the core of good insurance is about safeguarding your future. So, invest the time to educate yourself, ask questions, and make an informed decision that prioritizes both your finances and your protection.
Navigating Discounts: How to Make the Most of Available Savings
In today’s fast-paced world, recognizing available savings can often feel overwhelming. With countless promotions, sales events, and discount codes flooding our inboxes and social media feeds, it’s no wonder that many consumers find themselves confused. How do you differentiate between genuine bargains and misleading offers? Below, we will explore how to navigate discounts effectively and maximize your savings.
Understanding Different Types of Discounts
Before diving into the strategies for making the most of discounts, it’s crucial to understand the variety of discounts available. Here are a few common types you might encounter:
- Percentage Off: This discount reduces the original price by a certain percentage. For example, a 20% off promotion on a $100 item makes it $80.
- Buy One Get One Free (BOGO): This deal encourages bulk buying. Purchasing one item allows you to receive another item for free or at a discounted price.
- Seasonal Sales: These sales are often tied to specific times of the year, such as Black Friday or end-of-season clearance sales. Timing is essential here.
Strategies for Effective Discount Hunting
Now that you have a grasp on the types of discounts out there, let’s focus on the strategies for identifying and utilizing these savings to your advantage:
- Sign Up for Newsletters: Retailers often send exclusive discounts to subscribers. By signing up, you can be among the first to know about special offers.
- Utilize Coupon Websites: Websites dedicated to coupons can be a goldmine. They often list codes that can be applied for online purchases, ensuring you save more.
- Compare Prices: Don’t settle for the first discounted price you see. Use price comparison tools to ensure you’re getting the best deal available.
- Follow Social Media Accounts: Many brands promote exclusive deals on their social media platforms. Following them can give you access to unique savings.
Keeping Track of Your Savings
Another frequently overlooked aspect is tracking your savings. Keeping a record of your purchases and the discounts applied will allow you to reflect on your shopping habits. You can create a simple table to log this information:
| Item | Original Price | Discount Applied | Final Price |
|---|---|---|---|
| Example Item 1 | $100 | 20% Off | $80 |
| Example Item 2 | $50 | Buy One Get One | $25 |
Why Timing Matters
Lastly, understanding the significance of timing cannot be overstated. Certain discounts only occur during specific times of the year. For instance, waiting for mid-season sales can yield substantial savings. However, timing can also refer to stock levels; early birds often catch the best prices. Be vigilant about when the discounts happen to maximize your available savings.
In conclusion, navigating discounts effectively can be an art. It requires a bit of strategy, knowledge, and vigilance. By recognizing the different types of discounts, employing strategies to find them, keeping track of your savings, and timing your purchases wisely, you can significantly enhance your financial well-being. It’s all about making informed choices!
The Role of Deductibles: Finding the Right Balance for Your Budget
When it comes to managing your finances, understanding deductibles is crucial. Deductibles play a significant role in determining how much you’ll pay out-of-pocket before your insurance kicks in. The challenge lies in finding the right balance that aligns with your budget and your healthcare needs.
What Are Deductibles?
In simple terms, a deductible is the amount you must pay for covered health care services before your insurance plan starts to pay. For instance, if you have a deductible of $1,000, you need to pay that amount first before your insurance provider contributes. This means that understanding your deductible is essential in shaping your total healthcare costs.
High vs. Low Deductibles
A common question arises: should you opt for a high deductible for lower premium rates or choose a low deductible with higher premiums? This decision isn’t straightforward. A high deductible may seem appealing, especially if you tend to be healthy and rarely visit the doctor. However, if an unexpected health issue arises, you might find yourself facing a hefty out-of-pocket expense. Conversely, while a low deductible means higher monthly payments, it provides a safety net for unforeseen medical costs.
Evaluating Your Healthcare Needs
Before making your choice, assess your own healthcare needs. Consider how often you visit the doctor and whether you have ongoing treatments. If you often find yourself in need of medical care, a lower deductible might serve you better, despite the higher premiums. On the other hand, if you rarely seek medical attention, a high deductible could result in savings in the long run—if, and that’s a significant if, you don’t encounter any major health challenges.
Strategies for Choosing the Right Deductible
One effective strategy is to evaluate historical data on your medical expenses. Analyzing past healthcare costs can provide insights into the most feasible deductible for your situation. Additionally, experts often recommend keeping an emergency fund that can cover your deductible. This way, even if you choose a higher deductible, you won’t be caught off guard financially.
Conclusion: Finding Your Balance
Ultimately, navigating deductibles requires a thoughtful approach. Striking a balance between a manageable budget and adequate coverage is essential. Remember that what works for one person may not necessarily suit another. Take the time to understand your unique needs, assess potential risks, and choose a plan that provides peace of mind while keeping your finances intact. Deductibles may seem like a mere detail in the grand scheme of insurance, but they can have a profound impact on your financial well-being.
Exploring Alternatives: Non-Traditional Insurance Options for Savings
In today’s ever-evolving financial landscape, the traditional approaches to savings and protection often feel inadequate. More individuals seek to diversify their savings methods, leading to a surge in interest in non-traditional insurance options. These alternatives can provide not only financial security but can also offer unique opportunities for growth. Let’s dive into some of these less conventional strategies.
Understanding Non-Traditional Insurance
At its core, non-traditional insurance refers to alternatives that extend beyond standard life or health insurance policies. These options can include things like annuities, insurance-linked securities, and even peer-to-peer insurance models. Here, we will explore these alternatives, providing insights into their mechanisms and potential benefits.
Types of Non-Traditional Insurance Options
Several distinct forms of non-traditional insurance have emerged in recent years. It’s essential to assess these methods carefully. Here are some notable examples:
| Option | Description | Benefits |
|---|---|---|
| Annuities | Investments that provide a steady income over time. | Long-term security and tax benefits. |
| Insurance-Linked Securities | Financial instruments that transfer insurance risk to the capital markets. | Potential for high returns and diversification. |
| Peer-to-Peer Insurance | Groups of individuals pooling their resources for mutual benefit. | Lower costs and community engagement. |
Evaluating Your Options
When considering these non-traditional insurance options, it’s crucial to evaluate your personal financial situation and goals. What works for one person may not suit another. Assessing risk tolerance and the potential for financial growth will help guide your decision.
“The traditional approach may not always meet the needs of modern savers.”
Moreover, educating yourself about how each option functions is vital. Take time to understand terms and conditions, as some alternatives may have complexities that can be confusing at first glance. Don’t hesitate to seek professional advice; a financial consultant can provide valuable insights tailored to your unique situation.
Conclusion
In conclusion, exploring non-traditional insurance options opens up a world of possibilities for enhancing your financial security and savings. As you navigate these alternatives, remain diligent about your research and consider what aligns best with your needs. Keeping an open mind can lead you to beneficial choices that may otherwise have gone unnoticed.
Ultimately, the key to effective financial management lies in staying informed and adaptable. Embracing non-traditional options may not only diversify your portfolio but also empower you to take control of your financial future.
Common Mistakes to Avoid When Shopping for Cheap Insurance
Shopping for cheap insurance can be a daunting task. Many individuals rush into decisions without fully understanding their options and the fine print involved. To help you navigate this complex landscape, it’s essential to identify common mistakes that could lead to inadequate coverage or unforeseen expenses. Here’s a guide to ensure you make informed choices when seeking budget-friendly insurance.
1. Not Comparing Multiple Quotes
One of the most significant blunders people make is failing to compare multiple insurance quotes. Relying on a single company’s offer can be tempting, but it often means missing out on better deals. By obtaining several quotes, you can identify the best coverage options that fit your budget and needs. Don’t settle for less; take time to compare!
2. Ignoring Customer Reviews
Customer reviews and ratings can provide invaluable insights into an insurance provider’s reliability. Some individuals overlook this crucial step and later find themselves caught off guard when claims processes are complicated or customer service is lacking. Pay attention to public opinion and customer experiences; this could significantly influence your choice.
3. Skipping the Fine Print
The fine print is often where the devil lies. Many individuals hastily sign agreements, ignoring important terms and conditions. It’s vital to read through the details thoroughly. Policies might include exclusions or limitations that could hinder your coverage when you need it most. Understand what is included and excluded: knowledge is power.
4. Overlooking Discounts
Many insurance companies offer various discounts that could lower your premium. Common discounts include safe driver discounts, bundling multiple policies, and loyalty benefits. Failing to ask about these potential savings means you could be paying more than necessary. Always inquire about available discounts before finalizing your decision.
5. Not Evaluating Coverage Needs
Each individual’s insurance needs can vary significantly. Some people think that buying the cheapest policy equals the best deal, but this is rarely the case. Inadequate coverage can lead to catastrophic financial outcomes. Before shopping for insurance, assess your needs realistically. Consider factors such as your living situation, age, and lifestyle. Evaluating your coverage needs will help you balance cost and protection effectively.
6. Focusing Solely on Price
While it’s essential to stay within budget, fixating solely on price can be a grave mistake. Sometimes, cheaper policies may lack critical components or have high deductibles that could become a financial burden later on. Instead, focus on the overall value of the policy. Look for coverage limits, exclusions, and customer support, which can greatly impact your experience in the long run.
7. Forgetting to Update Policies
As your life circumstances change, so do your insurance needs. Many individuals neglect to update their policies after significant life events, such as marriage, home purchases, or having children. An outdated policy may not provide adequate coverage in new circumstances, which is a risk no one should take. Regularly review and update your policies to ensure they reflect your current situation.
In summary, shopping for cheap insurance requires careful consideration and a proactive approach. By avoiding these common mistakes, you can secure a policy that not only meets your budget but also provides the coverage you need. Remember, finding the right insurance is about balance — mixing affordability with comprehensive protection.
The Impact of Your Credit Score on Insurance Rates
When we think about our credit score, the first associations that often come to mind are loans, mortgages, or credit cards. However, many people are surprised to learn that their credit score can also significantly influence one crucial aspect of their finances: *insurance rates*. Understanding this connection can help you navigate the sometimes confusing world of insurance and make informed decisions that could save you money.
How Credit Scores Affect Insurance Premiums
Insurers often use credit scores as a tool to assess risk. While it may seem strange that your financial habits can impact your car or home insurance rates, data suggests that there is a correlation between your creditworthiness and the likelihood of filing a claim. In fact, studies have shown that individuals with lower credit scores tend to file more frequent claims compared to those with higher scores. Consequently, insurers may charge higher premiums to those with less favorable credit histories to offset potential risks.
This practice varies by state. And while not all insurers utilize credit scores in their rate calculations, many do. So it’s wise to check with your provider to understand their policies. For instance, a company may adjust your rates based on your credit score after a new policy is drafted or when you’re renewing.
The Numbers Behind the Rates
Let’s delve into how significant the impact of credit scores can be. Here’s a hypothetical table illustrating possible differences in premiums based on varying credit score ranges:
| Credit Score Range | Average Annual Premium |
|---|---|
| 300 – 579 | $2,000 |
| 580 – 669 | $1,500 |
| 670 – 739 | $1,200 |
| 740 – 850 | $900 |
This table presents a clear picture of how your credit score directly affects the average annual premium you might pay for insurance coverage. What you may find surprising is just how steep the cost differences can be. As you can see, those with higher credit scores stand to benefit from significantly lower insurance rates.
Improving Your Credit Score to Lower Insurance Costs
If you’re determined to lower your insurance premiums, focusing on improving your credit score can be a valuable strategy. Start by checking your credit report for inaccuracies and disputing any errors you find. Additionally, try to pay down existing debt and make timely payments moving forward. Even small adjustments in your financial behavior can lead to improved creditworthiness over time.
In conclusion, the relationship between your credit score and your insurance rates is not just a fiscal footnote; it’s a vital financial consideration. By being aware of this connection and taking proactive steps to manage your credit health, you can ultimately enjoy lower insurance premiums and better financial security.
Seasonal Promotions: Timing Your Insurance Purchase for Maximum Savings
When it comes to insurance, timing can significantly impact how much you pay. Understanding seasonal promotions can lead to substantial savings. Many consumers overlook these promotional periods, often leading to missed opportunities in their quest for the best deal.
Why Timing Matters
Insurance companies frequently adjust their rates based on various factors throughout the year. During certain seasons, they run promotions to attract new customers. For instance, many providers offer discounts during back-to-school periods or at the start of the year when people reassess their insurance needs. This strategic pricing aims not only to boost sales but also to optimize customer acquisition.
Identifying Key Promotional Seasons
Understanding when these promotional windows occur is crucial. For example, January often sees a surge in car insurance promotions. As customers renew policies, insurers may provide incentives to encourage switching competitors. Furthermore, spring can be a prime time for home insurance deals, especially as homeowners prepare for the upcoming summer months.
However, it can be confusing to discern the best time to act. Some may assume that waiting for a minor holiday could yield better deals, while others mistakenly believe that prices are consistently low during off-peak seasons. In reality, being proactive and observant can aid significantly in getting the coverage you need at a fraction of the usual cost.
Strategies for Capitalizing on Promotions
To make the most of seasonal promotions, consider these strategies:
- Research Periodically: Set reminders to check in with various insurers at least every quarter. This habit keeps you informed about any upcoming promotions.
- Compare Rates: Don’t just stick to one provider. Use online comparison tools to see if similar coverage is offered at better prices elsewhere.
- Engage with Agents: Local insurance agents often have insider knowledge about when promotions are scheduled. Building a relationship with them can yield timely tips.
Engaging in these practices not only saves money but aids in ensuring you have comprehensive coverage tailored to your needs. Timing your purchase wisely allows flexibility and adaptability in your insurance planning.
Final Thoughts
In summary, being aware of seasonal promotions can lead to significant savings on your insurance purchases. By understanding when these offers are available and strategizing accordingly, you can make educated decisions that benefit your financial future. Don’t let a lack of information or confusion hold you back. Take charge and seize the moment.
Staying Informed: Keeping Up with Insurance Trends and Changes
In an ever-evolving insurance landscape, the importance of staying informed cannot be overstated. As regulations change and new trends emerge, maintaining your knowledge about insurance becomes imperative. This continuous learning not only equips you to make better decisions but also prepares you for unexpected challenges.
The Importance of Knowing Current Trends
Understanding current trends in the insurance industry can significantly influence your choices. For example, as more clients seek affordable coverage, insurers are innovating and adapting their products. Thus, being aware of these shifts ensures you find policies that meet your needs.
Here are some notable trends in the insurance realm:
- Digital Transformation: The shift towards digital solutions is unmistakable. Many companies now offer apps and online platforms that streamline policy management and claims processing.
- Telematics: This technology enables insurers to monitor driving habits. Consequently, safe drivers may receive significant discounts, effectively changing pricing models.
- Personalization: Insurers are increasingly tailoring policies to individual needs. This trend is beneficial as it allows for more relevant coverage.
Challenges in Staying Informed
While keeping up with these trends is crucial, it’s worth noting that the insurance industry can be complex. New regulations can arise with little warning, and understanding these promptly can pose a challenge. Furthermore, misinformation can spread quickly, which often adds confusion.
It’s important then to approach information gathering critically. Consider diversifying your sources to include reputable industry news websites, official regulatory announcements, and professional associations. By doing so, you can better navigate potential pitfalls.
Resources for Staying Updated
There are numerous resources available to help you stay informed about insurance trends:
- Industry Publications: Regularly read industry journals or magazines. These often provide in-depth analyses of emerging trends.
- Webinars & Workshops: Participating in these events allows for direct engagement with experts. You can glean insights that go beyond basic information.
- Networking: Join professional networks or forums. Connecting with peers can offer practical insights that you might not encounter elsewhere.
Staying Proactive
In conclusion, staying informed about insurance trends and changes is a proactive approach to personal and financial security. As you navigate this intricate field, remember that knowledge is power. The more you know, the better equipped you’ll be to make informed decisions.
Embrace the challenge of learning, and ensure you’re always a step ahead in this dynamic environment. In doing so, you will not only protect your interests but also enhance your understanding of the insurance landscape.
Conclusion
Finding cheap insurance doesn’t mean you have to compromise on the coverage you need. By taking the time to compare quotes, ask questions, and seek out discounts, you can secure a policy that fits your budget and provides adequate protection. Remember, saving money while staying well-covered is possible. Stay informed and proactive about your choices. After all, your peace of mind is worth the effort. With the right approach, you can unlock significant savings and enjoy the confidence that comes with knowing you are adequately insured. Embrace this journey, and you might be pleasantly surprised at how much you can save.
Frequently Asked Questions
What is cheap insurance?
Cheap insurance generally refers to policies that provide lower premiums while still offering essential coverage.
Is cheap insurance a good idea?
While it can be cost-effective, it’s important to ensure that the coverage meets your needs and that you’re not sacrificing quality for price.
How can I find cheap insurance?
You can find cheap insurance by comparing quotes from different providers, looking for discounts, and considering higher deductibles.
What types of cheap insurance are available?
Various types of cheap insurance are available, including auto, home, health, and life insurance.
Are there any risks associated with cheap insurance?
Yes, some cheap insurance policies may have lower coverage limits or exclusions, which could leave you underinsured.
Can I get quality coverage at a cheap price?
Yes, many insurers offer affordable plans that provide quality coverage; it often requires thorough research and comparison.
What factors affect the cost of insurance?
Factors that affect the cost of insurance include your age, location, driving record, credit score, and the type of coverage you choose.
Is it worth switching to a cheaper insurance policy?
Switching can be worth it if the new policy meets your coverage needs and offers considerable savings.
How often should I compare insurance rates?
It’s advisable to compare insurance rates at least once a year, or whenever you experience a life change, to ensure you’re getting the best deal.
What should I look for in a cheap insurance policy?
Look for the coverage limits, exclusions, customer service reviews, and the financial stability of the insurance provider in a cheap insurance policy.
