Anyone who has been on a health kick will know most stuff that’s good for you costs the earth. Okay, not carrots. Carrots are budget-friendly. But, really, most other foods and supplements are pretty pricey. It’s hard to stay committed to being healthy when your wallet is shrinking faster than your waistline.
Luckily, there is something in life which is good for you and doesn’t have to cost a fortune – insurance.
There are as many types of insurance available today as there are healthy eating plans and, just like a healthy eating plan, they all offer different benefits.
Looking at the various types of insurance, you need to decide which will best benefit your lifestyle, meet your needs and suit your budget.
These are some of the types of insurance you can get today:
- Comprehensive car cover
- Limited car insurance
- Third party cover
- Life assurance
- Funeral cover
- Home insurance
- Investments and other insurance
Here are 6 quick tips for navigating the types of insurance available:
- Shop around. It’s a maze out there when it comes to companies offering insurance cover. Spend some time browsing the internet and speaking to friends about the cover they have. Always rather go with a reputable, established insurance company. There are a lot of “cheap” companies who’ll give you a very low premium but also cheap and nasty cover and service!
- Stick to what you need. Don’t look at types of insurance for things you don’t need. Get insured for your current basic lifestyle needs (car, home, funeral). You can always extend your insurance later to include other things.
- Understand what you’re getting for the premium. You must know what cover you have for the money you’re paying. Also, always ask what the policy doesn’t include! These “exclusions” are not something you want to find out about when you put a claim in.
- It makes sense to put all your cover with one insurance company. As a valued customer with various risk policies, the company can help you adapt your cover according to your needs, quickly and easily.
- Life is very unpredictable. When you took out your insurance you were single and living in a small apartment. Now, a year later, you have a baby on the way and have bought a new house. Do a quick assessment each year to see what you can increase or change about the types of insurance you have. Your cover should be flexible and agile, so a quick stock take each year is important. It’s as simple as going online or placing a call to update your insurance needs.
- Don’t skip a payment. If you hit a financial glitch, speak to your insurance company immediately. They can look at the types of insurance you have and help you reduce your premium until you can get back on track.
Don’t be bamboozled by the wrong types of insurance. Contact Hollard today for professional insurance advice that meets your needs.
