HOME AND CONTENTS INSURANCE ON THE SPOT
Did you know that 81% of homeowners and renters are exposed to significant financial loss due to being underinsured? Do you want protection of your belongings when you’re away from your home? Is there anything in particular that needs to be covered? The great thing about insurance is that it can benefit every home-owner. Our brokers have direct access to multiple insurers and policies.
WHAT’S INCLUDED IN YOUR COVER
OPTIONAL EXTRAS FOR
There are many assumptions made with insurance. Subsequently a lot of misconceptions can develop. Some common ones include:
Cheap may not be so cheap if it’s not the right cover: The price of insurance should not be the main determining factor. Keep in mind that you get what you pay for and cheap insurance may not be so cheap when a client’s making a claim. Price point, while important, shouldn’t be the final deal breaker. The most important decision-making criteria should be what’s important to the client to have covered (and to what degree do they want their assets covered). A great value policy is a balance of cover and benefits at the right price.
“It will never happen to me:” Any risk might be limited, but unforeseen events can and do happen – frequently. For some clients, insurance in general, or particular policy inclusions, aren’t considered an immediate priority (quite often this is seen with first home buyers or families that are stretched financially). To the contrary, no matter what their situation, taking out the right home and contents insuranceis imperative to avoid significant financial ramifications, should the unforeseeable happen. No-one likes to think this will happen to them, but for peace of mind, everyone should be prepared.
“I’m protected against fire and flood:” Most policies cover fire but not all cover for flood. As such, living in an area prone to flooding can become a major headache with regard to insurance. Some homes are located in areas of increased natural risks, such as bushfire, flood or cyclone. If a client lives in an area of increased risk of natural disasters in particular, it’s important that their home insurance covers these events and that they have enough insurance (sum insured) to rebuild in the event of a catastrophe. Some policies will pay up to 30% more than your client’s building sum insured to repair or replace the building, if they suffer a total loss or if the cost to repair, or to replace the building, is greater than the building sum insured.