Some insurance is better than no insurance. But the best insurance is always better. Here’s how to find out if you’ve got the right cover for you.
At Velocity we believe that having choice is a good thing, and that getting good advice (from professionals who can offer choice) is even better.
If you took your insurance out through the bank, the first thing we would say is “Good on you! New Zealand is one of the most under-insured countries in the developed world and you’ve just helped change that.”
I don't know about you but I find it distressing to look thorough the Give a Little pages and see some incredibly difficult and distressing situations. I only wish I could have sat down with some of those involved many years ago, and put in place some personal insurance that would take one of the challenges out of some awful situations. I realise this is being a little simplistic and I know there are some valid reasons why insurance can't be put in place, however, often it is simply a case of being under insured.
So, if you have personal insurance (life, trauma, income protection, health covers) in place, good on you.
However, if you purchased this off someone who can only provide one option, how do you know you are getting the best option in the market?
How do you know you are getting the best wording that will give you the most chance of a full payment when the crisis hits?
Ask us to compare what you have with other options in the market and you may be in for a surprise!
At Velocity we want to ensure our clients have the best cover for the best price. Our job is to compare the insurance from all the options in New Zealand and recommend a package that will give you the most protection when you really need it. And, what is more, you get us to fight your battles (should they occur) at claim time.
Insurance is one of those things you generally only hear about when it doesn't go as it should and so it hits the media. But we know that for every one of those there are hundreds of incredibly relieved and grateful claimants with less stress and more options.
Using a Financial Adviser to get the best option in place at the best price and to give you personalised service to us just seems like an absolute no brainer.
If you need to review this, do get in contact with your Velocity adviser.
Brendon Ojala is a Registered Financial Adviser with Velocity Financial. No investment decision should be taken based on the information in this blog alone. A disclosure statement is available free of charge upon request.