Experts: Clarity on terms and conditions is crucial in policies

06/9/2013 | Business Insurance (tiered subscription model)

Hurricane Sandy underscored the need for clarity and certainty over terms and conditions in insurance policies, according to executives. "It's far more important to me to get adequate terms and conditions and policy certainty than it is to get rate," said Erik Nikodem of American International Group. Al Tobin of Aon Risk Solutions said it's important to "read your policy" and "know what you're buying."

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