How much do you value your Insurance?

How much do you value your Insurance?30 Oct 2017

I have been thinking about this a lot lately as I had a client who rang up and cancelled his insurance policy, mortgage protection and income protection because his hours at work had been reduced….. I can understand the obvious need to cut costs but why the one thing that protects your income if you're off work for a long period of time due to an illness or injury?

I don’t think enough emphasis is put on the value of having the right insurance policy in place can be life saving…

We automatically insure our car and house and contents but what importance do people put on life insurance or income protection? Not much apparently.

The reason for this, I think, is people not understanding or being told how it can really work for you... how it can change lives. People tend to think “well I have never made a claim and I don’t use it." But it's not about that, it is about understanding that good risk management is about just that - having something in place that manages the risk when it happens. So why would we put importance on car insurance rather than life or protecting your biggest asset - your ability to earn a income!

Our team here at Insurlink believe insurance is for protecting the living not the dead!

So do you know the value of your policy? What is the stand down period, how much will the claim payment be… how long can I be on claim for? If you do not know the answers to any of these questions, then please give us a call. We can meet with you and go thru the easy process or reviewing your current cover, and give you our findings… might be that the cover you have in place is perfect for you.. then fantastic.. no need to change anything… but if its some problems, we can help you fix them…