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In this video, Mark from Think Insurance explains the difference between an insurance quote and a policy. An insurance quote provides a general estimate of coverage costs but doesn't consider detailed factors. He highlights that quotes are calculated based on basic coverage options, which can vary among companies offering "good, better, best" packages. Mark will cover the important factors that affect quotes and guide viewers on how to obtain the best insurance quote, including exploring various coverage packages to consider. He also mentions that there’s a middle step, the application process, which plays a role between obtaining a quote and securing a policy.