Are flexible policies more expensive?

Are flexible policies more expensive than standard ones?

Generally, yes. Flexible policies often come with higher premiums due to the added benefits and coverage options.

What specific factors contribute to the higher cost?

Factors include the ability to adjust coverage, broader options for claims, and the convenience of changing terms.

Are there any situations where flexible policies might be cheaper?

Yes, in some cases, if you have a good claims history or bundle multiple policies, you might find competitive rates.

How can I determine if a flexible policy is worth the extra cost?

Evaluate your needs, compare coverage options, and consider potential savings from flexibility against the premium increase.