Personal Insurance – The importance of a financial adviser

At the time of application an Adviser can help you weigh up your options, and ensure you’re making the right choices for your situation.

An Adviser can help you;

• Build a policy that offers you the right types of cover
• Calculate the level of cover your need
• Choose the features and options that are important to you
• Structure your insurance cost-effectively

Your adviser is required to provide you with a Statement of Advice detailing your insurance requirements, and the payment they will get from providing you with insurance advice.

Once your policy is in force it’s also important to meet regularly with your Adviser to ensure your cover continues to meet your needs as it’s based on your personal circumstance.

At claim time your Adviser will have a fundamental role in guiding and supporting you through the claims process. They will be your first point of contact, as don’t forget they will be the ones acting on your behalf. This is of particular importance, as it’s always good to have someone who knows your policy and deals with your insurer on a regular basis.