How often do you review your insurance portfolio? More importantly, how often do you review your short-term cover? Reviewing your insurance cover does not have to be a painful process. The critical thing to consider is your needs. In this blog, we take a look at what you need to consider when you review your cover. We share some of our insights and knowledge, built over three decades.
Firstly, consider your budget. You need to really your current & projected financial position. it’s important for you to determine what you can realistically afford. Apart from the premium, you must also be able to afford the excess on your claim too. While low premiums may seem very attractive, they often come at a price. More often than not, that price is the cost of the excess payment. You need to be able to comfortably afford monthly premiums, AND have enough short-term savings for excess payments too.
Secondly, you need to know what short-term insurance is about. Your advisor or broker must, at the outset explain cover types and options are available to you. You also need to understand the terms used in these policies. We make certain that you understand common terms such as ‘premiums’, ‘deductibles’, ‘co-payments’, ‘inclusions’ and ‘exclusions’. We can also give you add-on benefits give you enough cover for your all needs.
Thirdly, you need to be well informed. Well-informed people make the best decisions. We can help you with some of your research too. Many insurance companies offer very-similar products. As your broker, we can help you understand the full package of options they offer. You need to see which one meets all, or at least, most of your needs. This will also help you make an informed decision when it comes to comparing short-term cover quotes.
Service Excellence – Where It Matters Most
We’ve learnt a lot in thirty years. You can benefit from this experience more than you realise. Part of what we do is help you with your research and comparing products and quotes. As a financial services company, we know what’s on offer out there, and can tell straight up which insurers & products best meet your needs. We also understand the claims process. We will explain how it works and what you need to be aware of. When you need to claim, we will guide and assist you throughout the process.
Whatever your short-term cover needs, we will tailor a bespoke solution for you. After all, when it comes to insurance, we’re the people who can #MakeItHappen!
