Never Buy Insurance In The Spur Of The Moment
Buying insurance can often become emotional and good brokers or sales guys will be able to “scare you” to some degree into thinking that you need such or such insurance. Often they are right, sometimes they’re not. That is not the biggest problem about it though.
Pricing Is Difficult To Judge
No matter how good or bad you are with numbers, it’s a challenge to determine if the premium and protection that you are being offered makes sense. For some types of insurance such as car insurance it can be fairly straightforward. But even for those, why would you not take an extra day to think about it and get at least 1 competing quote? It’s a no brainer in my opinion because there’s just no downside. Of course, the seller knows that his best shot at selling the policy is on that same day and he will push for it. There is no incentive for you to give in though.
It’s Never “Urgent”
One common tactic that will likely be used is how this deal might not be available a few days or a few weeks from now for reasons X, Y and Z. That might be true. The deal might in fact become worse, or better. But chances are that it will not change. Even if you were to consider the tiny possibility that it would be true, it would still make a lot more sense to take some time to think about the policy, and compare it with others.