A surprising number of policyholders never fully read their insurance documents. They assume they are covered for “everything,” which is rarely true.Every policy has: Inclusions, Exclusions, Conditions. For example, a homeowner might assume flood damage is covered when it’s actually excluded. Or a health policy may not cover pre-existing conditions immediately. General Liability Insurance for a Small Business in Ohio. Compare policies based on value, not just cost. Look at coverage limits, exclusions, claim process, and insurer reliability—not just the monthly premium.