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In this video, Mark from Think Insurance explains the difference between an insurance quote and an insurance policy. An insurance quote provides a general idea of coverage costs but doesn't account for certain factors that affect pricing. He mentions that there is also an application process that lies between obtaining a quote and securing a policy. Throughout the video, Mark will discuss the factors considered in quotes and demonstrate the best way to obtain an insurance quote. He will also outline various coverage packages, noting that companies often offer basic, good, and better options. The quote typically includes basic coverage, while in-depth questions may not be addressed.