Tips on Buying Insurance

By Ben Steverman - 2011-09-14T20:16:16Z

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Berkshire Hathaway Inc BRK/A:US -4.11
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Stick up for Yourself

When making a big claim with an insurance company, Rutgers's Feinman says it's important to remember: "It's a business relationship. "Despite marketing campaigns to the contrary,"they're not your neighbor, and they're not your friend." Sometimes professional help is necessary in negotiating with an insurer. A public insurance adjuster can help with a time-consuming claim process, as when a house is damaged. If you're facing a fight with an insurer over a big claim, a lawyer may be necessary, says Hunter of the Consumer Federation.