Insurance provides the very necessary safety net that protects you when things don't go to plan. While we all hope to live comfortable, accident-free lives, it is impossible to control everything, so insurance is essential to minimise the damage if something goes wrong. As your responsibilities in life increase, so must your insurance cover to ensure that you are financially protected if anything should affect your assets, and your ability to repay your debts against them.
There are many types of insurance available in the market to cater for a myriad of possibilities that we hope never actually happen.
These include:
General insurance includes the ordinary insurances that you take out in life as a matter of course, such as motor vehicle insurance, home contents insurance, and building insurance. When you are borrowing against an asset such as your car or your home, the lender will generally insist upon you taking out insurance, so that if anything were to damage or destroy that asset you would be able to replace it or pay off the debt owing against it.
If you are interested in a general insurance quote, please
contact us.
Life insurance generally provides your family with a payout in the event of your death. It can help in paying off debts, covering funeral costs and even provide an ongoing income. If you have family members that are dependent on you to support them and preserve their lifestyle, then life insurance is extremely important in allowing them to survive financially without you.
Please contact us if you would like more information about what life insurance options would suit you and your family.
If a serious accident or illness left you unable to work, total and permanent disablement cover pays you a lump sum to assist with medical and rehabilitation costs, and to allow your family to continue to pay the bills. As with
life insurance, it protects those who might be reliant on you to allow them to cope financially.
Please
contact us if you would like more information about what disablement insurance options would suit you and your family.
Similar in some ways to
disablement insurance, income protection insurance covers you in the event that you are unable to work. However instead of paying a pre-determined lump sum, income protection insurance will pay you an ongoing income (usually up to 75-80% of your current income) for the period that you cannot work. This allows you to continue covering your ordinary expenses, and helps you and your family carry on with life.
Please
contact us if you would like more information about what income protection options would suit you and your family.
Also similar to
disablement insurance,
trauma insurance provides you with a lump sum payment in the event that you are diagnosed with a terminal illness or with a medical condition that appears on the insurer's trauma list, such as cancer or a heart attack. This payment can assist you with unexpected medical expenses or other costs that need to be covered, giving you a much-needed cash injection in a time of need.
Please
contact us if you would like more information about what trauma insurance options would suit you and your family.
There is an almost inexhaustible list of business insurances on the market, from insurance for commercial buildings and business interruption insurance to professional indemnity and liability cover. The advantage that business insurance has is that it can often be tailored to entirely suit your particular needs, excluding cover that might be irrelevant to you, and including other extras that might be specific to you or your industry.
Please
contact us if you would like more information about what business insurance would suit your situation.