As traditionally insurance policies tend to fall due in June, now is a good time to get a second opinion on your insurance program.
With over 30 years of experience amongst Thunder Insurance’s founders Eayl Machlis and Paul Cowley, you can be assured that you are getting the right information in a timely manner.
Common personal lines insurance, such as car, home and contents and landlord insurances are important insurances. However, it is important to understand the policies’ coverage to ensure it is appropriate for your needs.
Here are some important considerations to make regarding your insurance:
- Car Insurance – Agreed value versus market value.
Market Value takes into account depreciation and wear and tear when settling a claim. Agreed Value does not have this stipulation, meaning, that a claim is based on the sum insured on your schedule.
- Electing to voluntarily increase your excesses
This will allow you to save premium on your insurance policies. Make sure that you don’t elect too high an excess where it will prohibit you from claiming for incidents that you don’t want to self-insure.
- Home and Contents Insurance – Cover for valuable Items
Always refer to your policy wording to see if there is automatic cover up to a sub limit of the stated sum insured. This may avoid noting this on your policy, and potentially paying additional premium unnecessarily.
- Landlord Insurance – Contents cover
Don’t forget when insuring your investment property, your contents are just as important as the building. Making sure that your sum insured will cover you, in the event of a claim, provides you the protection of replacement costs for items such as carpets, blinds, curtains and light fixtures.
The experts at Thunder Insurance can help you with your renewal or new business enquiry and, in the event of a claim, help you every step of the way.
To find out more, please contact Thunder Insurance at email@example.com or 0412 949 892.
Disclaimer: Please note that this article does not form financial advice and is an opinion piece only. Please seek further information from your insurance professional.