With insurance premiums on the rise, is your policy up to date?
With insurance premiums increasing, it’s a great time to review your policy. Did you know that if you contact us, we may be able to find you a cheaper deal? Or even, we might be able to find you more benefits for the same fee. That’s one of the advantages of going through an advisor. We can find you a policy that suits your specific needs and budget.
Let’s dive in…
1. Is your coverage amount up to date? Maybe your situation has changed? Major life events like buying a home, having children, or changing jobs can impact how much coverage you need.
2. How about your type of coverage? Make sure the policy type is still the best fit.
3. What about the policy beneficiaries? Ensure that beneficiaries are up to date. Family changes or new dependents might mean adjustments to ensure the right people receive benefits.
4. It also might be time to review any added features (such as critical illness, disability, or income protection riders) and check if they’re still beneficial or if new options would be more helpful.
5. Could you pay annually? You will often get a reduction for paying your annual bill in one lump sum. Rather than spreading the cost monthly through direct debit.
6. You might be able to combine your policies. A policy that covers both buildings and contents insurance is often cheaper than taking out separate policies. Or even adjust your coverage to save costs to match your current needs could lower premiums without sacrificing essential protection.
7. And you may even be able to take advantage of a no-claims discount. If you don’t make any claims, you should see your annual premiums fall over time.
8. Let us compare policies for you. We might be able to find a more affordable option. Or a new policy with enhanced features that fits your needs.
Give us a call today so we can help tweak your insurance policies, so they are perfect for you!
SPEAK TO AN ADVISER
Related
Flooding is something you should think about when taking out home insurance. And we are seeing major...
Read More >
If you couldn't work because of illness or injury, how long could you keep paying your mortgage ...
Read More >
Borrowing in later life is becoming increasingly relevant as people live and work for longer, retire...
Read More >
Do you own a rental property? From 1 May, the new Renters’ Rights Act came into force, bringing maj...
Read More >
There’s a little-known option in the mortgage market that could help some people aged 55 and over b...
Read More >
A recent report from MetLife UK highlights how quickly a child’s illness or injury can affect the w...
Read More >