The concept of “do it yourself” – or DIY – has caught on in many areas of the consumer economy during the past decade. Insurance is no different. Today, more and more consumers are trying DIY insurance shopping and buying. It is often an option for some, until you hear a horror story from a friend or family member who did not have the right cover or not enough cover, or even how difficult it was to get the customer service they needed when they needed it the most.
I’m not going to bore you with what insurance cover you should or shouldn’t have or the technical details. But I am going to tell why you should not DIY your personal insurance.
You need good advice
In this time of easy access to information and service via Mr. Google and those tons of life insurance ads, it’s tempting to think you can just pick up the phone, or respond to the first thing that comes up when you search online for insurance. It might sound easy, but let me tell you, getting the right insurance for your unique situation that will be there, if and when you need it, takes some skill and inside knowledge.
Here are some sound reasons why you need an adviser:
Price is not everything
We want to save as much as we can, isn’t it? However, insurance isn’t something you want to skimp on as it can really hurt you when you really need it. I know people want to try and save money, and there many websites claiming to save you money and doing the hard research work for you – but be mindful.
You must consider an insurance that has the best value policy and best policy terms that you can rely on.
Having an adviser on your side saves you time
We don’t work for the insurer – we work for you! No matter what your personal or medical requirements are we will fight for you to get the best possible outcome to get you insured. Want to know what this means?
Well, there are over 20 insurers on the market and you have got to ask yourself, do you have the time and patience to ring each individual insurer and repeat your personal circumstances over and over again? I bet the answer is NO right?
This is where we come on. We will deal directly with the insurers and find the best possible solution to whatever situation you have.
Ongoing support
An adviser is there to assist with ongoing support for your policy including administration and a regular review of the insurance to see if it still meets your needs when life changes.
Plus, we help at claim time.
The cost of getting it wrong
Getting professional advice will give you the clarity, confidence, and peace of mind that you’re covered for the right amount and have the correct ownership, as well as the right things, covered. You often don’t know you’ve done it wrong until it’s too late! And what I mean when it comes to claim time.
A qualified Financial Adviser that specializes in insurance is your best choice.
Don’t try and arrange your insurance by yourself – we are here to help.