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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 is a generalized idea of coverage costs and does not take into consideration all factors. Mark discusses factors that are considered in a quote and shows the best way to do an insurance quote. He also talks about different coverage packages offered by companies, such as basic, good, and better options. Quotes may not ask in-depth questions, so it's important to understand what level of coverage you're choosing.