Insurance policies are best sellers. Still, people who buy books probably expect to read them. People who buy policies rarely read them. At most, readers get through the first page or two and the big-type section headings. Even though policies are all but impossible to read, you ought to do it.
Insurance is hard to understand.
Sometimes companies don't understand their own policies. This state of affairs causes so many lawsuits that insurance is a one-industry litigation explosion. Take, for example, Western Farm Bureau Insurance Co. v. Carter, which the New Mexico Supreme Court decided last March 25. In this case, judges had to figure out the meaning of a clause providing comprehensive coverage. As a rule, motorists buy collision coverage to protect themselves from wrecks caused by other drivers.