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Article provided by MoneySupermarket.com

Small print is one of those things that we should all read before we commit to buy a product or service. Without reading the small print, how do you know what you are committed to purchasing? Now I’m going to be honest and say, I never used to read the small print on anything until just a few years ago, when I took out a credit card and I didn’t read about the excessive charges for payment protection. Now, I admit that this was in fact my fault for not reading the small print, so I thought I’d list a few products or services where I think reading the small print is incredibly important.

Insurance

Whether you are buying home or auto insurance, you should always read the small print. When it comes to specific insurance policies, they tend to come hand in hand with add-ons or extras that can bump up the cost of your insurance considerably. Also, important things to include when checking your insurance small print are things like exit fees (if you want to back out of the contract) and things that you can do to actually invalidate your insurance (just in case!).

Flights

When buying flights online I’ve found that not one site is the same as another. They all operate using different layouts and they have their own way of selling the flights to you. For example, I always get confused when I go to booking a flight with regards to what extras I get, does the flight come with an in-flight meal? What are the extra baggage charges? Sometimes these small details are kept in the small print so make sure you look carefully.

Employment Contract

When starting a new job, I always meticulously check my contract of employment. The things that are normally included in the small print, are things like, whether or not you get paid for sick days in the first 6 months of employment, or how many days holiday you are entitled to. Sometimes these things are detailed clearly on contracts and other times they are quite difficult to spot.

Cell Phone Contract

When purchasing a cell phone contract there can be some hidden charges that you’ll need to be aware of, things like cell phone insurance can be enclosed in the small print. Also, make sure you check out what the charges are on your cell contract for when you venture outside of your monthly calling or messaging allowance, the prices can be pretty steep.

Financial products

Possibly the most important thing to read the small print on are financial products. Whether you’re taking out a new loan or credit card, taking out any type of financial product is a massive commitment, so you need to ensure you read all of the small print carefully.

An example of this could be, you’ve just taken out a ‘balance transfer credit card’, as there’s a 0% interest rate on balance transfers for 12 months, however the product doesn’t clearly state what the interest rate will be on new purchases during that period, so make sure you read the contract carefully to find out. Financial products normally come with a long term commitment and they can be the most damaging if you don’t read the small print.

What other products or services do you think you should always read the small print on?

-MR