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In this tutorial, Mark from Think Insurance explains the difference between an insurance quote and a policy. An insurance quote provides a generalized idea of coverage costs and does not take into consideration certain factors. Factors that are calculated in a quote will be discussed in the video. The best way to do an insurance quote will be demonstrated, along with options for coverage packages. Different companies offer various packages like basic, good, or better coverage. It is important to consider in-depth questions not necessarily asked in a quote process.