Insurance is a financial safety net, protecting you, your family and your business in the face of unforeseen events. If you’re uninsured, then you’re most likely wondering this critical question: “How do I find insurance Tauranga residents trust?”
It’s best to be informed before applying for an insurance policy. Everyone’s circumstances are different, so by researching, you can find a policy that truly works for you.
What Kinds Of Insurance Are There?
Insurance policies are not one-size-fits-all, so you must find the type of insurance that suits you. In general, there are two main categories of insurance – personal and business.
Personal insurance includes:
- Life Insurance. Life insurance supports those financially dependent on you in case something happens to you. A life insurance payout will help your loved ones with mortgage repayments, living expenses and other financial obligations.
- Life Income Cover. This is similar to life insurance, but the payments are monthly rather than lump sum.
- Accidental Death Cover. This specialised life insurance provides payment to your family in case you pass away in an accident.
- Trauma Cover. Policyholders can receive payment if they are diagnosed with a life-threatening medical condition.
- Total And Permanent Disability. Disabilities resulting from unforeseen accidents can hinder your ability to earn an income. This policy offers financial security, giving you money that you can use for medical expenses, modifying your home for your changing lifestyle and so on.
- Health Insurance. Health insurance can fund everything from routine check-ups to emergency care.
- Income Cover. Illnesses and injuries can result in you being unable to work. Income cover replaces a portion of your normal income while you are recovering.
- Mortgage Repayment Insurance. This policy can cover your mortgage repayments for a period in case you cannot pay.
- Household Expenses. Keeping up with household expenses can be a challenge if you are experiencing financial difficulties. This insurance helps Tauranga households handle expenses like utility bills and rent.
Business insurance includes:
- Start-up Income Protection Cover. This policy supports new business owners with monthly payments.
- Key Person. If your business’s key person cannot work, this coverage can offer you financial support.
- Business Overheads Cover. This insurance offers monthly reimbursements for business overheads in case you are unable to work due to illnesses or injuries.
- Self-Employed Income Cover. Self-employed individuals can face serious financial hardships if they can’t work. This provides monthly income for mortgage, rent, utilities and more.
- Group Employee Health Insurance. Group health insurance allows businesses to support their teams’ healthcare needs, such as consultations and procedures.
- Group Employee Insurance. Group insurance includes life insurance, disability coverage, trauma coverage and income protection for Tauranga companies.
Tips For Getting The Right Insurance Policy For You
With so many coverage options, finding the best option for you can be a challenge. What should you do?
Work With A Financial Adviser. The best way to secure an insurance policy that’s tailored to your needs is to work with an experienced professional who has your best interests in mind. Consult with a financial adviser to help you find coverage, understand terms and conditions and connect you with reputable Tauranga insurance providers.
It’s vital to find a financial adviser that you trust. Ask them questions such as:
- “How do you get paid?” Transparency is key. Your financial adviser should be clear about whether they are financially compensated if they offer you certain insurance products.
- “What insurance providers do you work with?” Do they work with reputable NZ insurance providers that you trust?
- “Do you specialise in personal or business insurance?” Some financial advisers specialise in certain kinds of insurance. Do they only work with personal or business insurance, or can they fulfil all of your coverage needs?
Ultimately, their professional assistance can save time and reduce stress.
Understand Your Terms And Conditions. Always read through the terms and conditions of your potential policies so you know exactly what you are and aren’t covered for. Make sure you ask your financial adviser for clarification if you don’t understand any parts of your policy.
Routinely Review Your Insurance Policy With Your Financial Adviser. Life changes, so what works for you now may not work for you in a few months. Be sure you routinely go over your insurance policy with your financial adviser to ensure it’s still suitable for your life. This is especially important if you undergo any significant life changes that impact your finances.
Go Over The Claims Process. Review the claims process with your financial adviser. This way, you’ll be informed and prepared if you ever have to make a claim.
Securing Insurance That Works For You In Tauranga
We welcome you to contact our Hello Financial Services team on 027 228 3073, or you can use our site to message us. Insurance can act as essential financial support when needed, giving you peace of mind and protecting your loved ones.
Hello Financial Services: Say ‘Hello!’ to financial safety.
