You can pretty much purchase all types of insurance through the internet. Whether these insurance products are travel, home or life insurance, all are available to buy on the internet for your risk management needs. However, there are compelling reasons to enlist the help of risk insurance specialist when buying personal insurance.
You have someone to explain the technicalities
Let’s face it, reading a Product Disclosure Statement can get pretty mind-numbing at the best of times. Insurance especially can be quite technical and dry. A risk specialist can explain all that is relevant to you in easy to understand manner. Purchasing on the internet, means you are pretty much on your own to get your head around what is being offered.
Extensive product knowledge
Not all insurance products are the same. For example, not all income protection policies are the same. Some products may be more suited to medical professions, while others may be more suited to those working in the trades. There are features that is useful to certain occupations and near to useless to other professions. Your risk specialist can give guidance.
If you are looking for critical illness insurance because you are concerned about a history of heart attacks in your extended family, your risk specialist can help you find a policy that has strong coverage for heart attacks. It will be extremely difficult for any layperson to be able to find this out.
Help determine how much you really need to insure
Your risk specialist will ask you questions and raise items you haven’t thought about to consider, in order to determine how much the most appropriate cover for your given budget. For example, when determining the appropriate level of life insurance, among many other things your risk specialist will take into account include debts that need to be paid off, kids’ education needs, surviving spouse lifestyle needs.
Internet is not always cheaper
A few years ago when organising flights to the Philippines, I automatically went on the internet to search for flights. I wasn’t happy with the available flights as it had a long layover in Manila, so I thought to contact a specialist Philippine travel agent. Low and behold, they were able to find me the flights that matched my requirements, and at a lower price too compared with the internet.
Your risk specialist can customise your insurance policy to suit your needs and profile. Depending on your health status, the premium you pay may even be cheaper than the comparable insurance you could get on the internet.
Make sure that your claim gets paid.
This is probably the most important reason why you should enlist the help of a risk specialist when purchasing personal insurance.
Sadly, there has been a number of stories in the media in recent years when people have had their insurance claim denied. Pretty much most of these cases did not have a risk specialist adviser to guide them in the selection and applying for the insurance. Having an adviser guide you through the application process can help ensure that any future claims are not denied, eg. Due to non-disclosure.
Of course, in the event your or your family have to make a claim, your risk specialist is there to help make sure you get paid and paid quickly.
Why do it alone when someone is there to help along the way? So if you are looking for personal insurance, or simply would like your existing insurance products reviewed, then why not contact us to arrange a chat with one of our experienced risk specialist.
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Disclaimer: Information on this site may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.
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