The Simple Guide To Personal Insurance

In a nutshell, insurance provides a layer of protection for the things that matter to you. It prevents us becoming financially burdened when things go wrong.

What people choose to protect, or ‘cover’, varies from one person to the next, but typically involves significant or important items in our lives such as a house, a car or our possessions.

Sometimes, something unforeseen happens: those things you care about get stolen, lost or destroyed.

Depending on your cover, your insurance provider will either pay for repairs, replace the items, or provide you with a cash settlement.

Home
If you own a home or are in the process of buying one, this is essential to protecting your property against damage. 

Contents
Whether you’re a homeowner or you’re renting, this relates to items you own. It covers the loss, theft or damage of your personal items as well as your liability for damage caused to someone else’s property. 

Landlord

This is tailored specifically for those who own rental properties, of which there are around 500,000 in New Zealand.   

Car
A car can be one of your most valuable possessions, so it’s vital you have the right insurance for it. 

Travel 

It’s important to take into account where you’re travelling to, what luggage you’ll be travelling with and even the fun activities you’ll get up to.

Ask yourself these questions:

• Would you need financial assistance to replace anything of value that you own?
• Does the location you live in raise or lower the risk of something being lost, damaged or stolen?
• Do you have an accurate monetary value for the things you own?
• Just remember that reducing risk is the name of the game, and with the right policies in place, you can enjoy priceless peace of mind.