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In this video tutorial, 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 does not account for specific factors related to an individual's situation. Mark will discuss what factors contribute to the quote's calculations and target certain applications that lie between a quote and a policy. He will also guide viewers on the best practices for obtaining an insurance quote and explore various coverage options, highlighting that different companies often offer tiered packages labeled as basic, better, or best. The discussion emphasizes that quotes typically cover only basic aspects without delving into deeper questions.