Do you understand your insurance policy? New report says most Manitobans don't.

According to the TD Insurance 2011 State of Insurance Report released on Wednesday, if you live in Manitoba, probably not.

Manitoba is among the most insured in Canada. However, as it turns out we know little about policies, and which is the best one for us. Only 13 per cent of us know what policy to choose - below the national average of 17 per cent.

Most alarming is 34 per cent of Manitoba residents don’t know what their insurance covers. Residents admit to skimming the fine print - 56 per cent - while 27 per cent don’t read it at all. One in ten worry they may not have enough insurance.