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
Taking extended breaks during the Winter has always been popular due to the enticing 'off-peak&#...
Read More >
If you’re applying for a mortgage, you may have come across the terms SA302 and Tax Year Overview. ...
Read More >
All ready for the tennis this month! Do you have your racquets and balls ready to go? What about ins...
Read More >
A lifetime mortgage is a type of equity release. In simple terms, it’s a loan secured against the v...
Read More >
We can help you get on the property ladder. Feel free to call us today to see what we can do for you...
Read More >
To support those who are having difficulties in making their monthly mortgage payments, a mortgage p...
Read More >