It is safe to say you probably have insurance. And that you probably have all the main bases covered – home, contents, vehicle, health and life.
But, when was the last time you checked if you are really protected?
Insurance is designed to cover you in case the unexpected happens. The unexpected can be any number of things. So, having the right policies in place is essential.
The scary thing is, you can have all the insurance cover in the world, but unless it is the right cover for your individual circumstances, you may find yourself coming unstuck at claim time.
We want to make sure that doesn’t happen!
There are three things you need to do to make sure that doesn’t happen – check you have the right cover now, be aware of any change in circumstances you have experienced, and regularly assess the insurance options out there in the market.
Luckily, we can help you with all three here at Insurance Link. Let’s look into each of the three aspects in greater detail now.
Check You Have The Right Cover
Often people arrange their insurance cover and then forget about it.
This is a mistake for a couple of reasons. Obtaining insurance can sometimes feel like a chore, so it is common to take the easiest option available so that the job is ticked off the list.
Unfortunately, it is quite often an easy option for a reason. Insurance products that you purchase off a rates sheet or from a website will be generalised and made for the masses. They are designed to cover off average requirements at a basic level.
The thing is, everyone has different requirements.
Families come in different shapes and sizes. People live in different areas of the country. They have different occupations and earning levels. Everyone has a different medical history.
Taking a standard insurance package may mean that you are not covered in the places that you really need it. What if the policy is designed for people without existing health conditions, yet someone in your family suffers from asthma? Not declaring this small detail can impact your whole cover and could mean you are paying your premiums for nothing!
The second reason is…
Circumstances Change
Think about when you first implemented your insurance cover. How many things could have changed since then? Maybe you have had a baby, moved house, changed jobs, had a medical incident, or simply added more contents to your home.
By not taking these changes into account, you could leave yourself short at a time when you really need the cover. Something as simple as gaining weight or suffering an illness can impact your health insurance. Not including an extension on your house insurance could mean that money is lost if you lose your home.
Changes in your life can have a large impact on the kind of insurance cover you need.
It is important to review your policies annually to make sure your information is up to date and your cover is current. But it is equally important to review your policies when you have a major change to check you are still covered for the things you need.
It is not only your life that can change…
Different Insurance Options
Insurance providers are like any retailers. They are always looking for new ways to service their clients and create new products that meet those client needs. That means, your insurance cover could be outdated if you have had it in place for a while.
This modern world changes fast. Technology becomes outdated in the blink of an eye and advancements are made in every field each day. Providers need to react to this ongoing change to ensure they are not left behind.
Insurance providers are no different. Their products are constantly evolving to meet the demands of the market. The great thing about that is there may be a better option out there for you. It could mean lower premiums, better cover, fewer exclusions, or the ability to bundle your policies together.
You won’t know this unless you undertake a review of your current cover.
And we can help you do that here at Insurance Link. Our process ensures that you get the cover you need and that’s all. Our advisers will take the time to understand your personal circumstances so that we can recommend the very best solutions for you and your family.
Get in touch with us today to check that the cover you have is giving you the protection you need.