Insurance News

Nov 21, 2014

The importance of reviewing and understanding your insurance


The importance of reviewing and understanding your insurance

Buying insurance should be reassuring and make you feel at ease.

 

Buying insurance should be reassuring and make you feel at ease.  Though many people don’t realize the insurance policy they have purchased is inadequate and won’t look after them like they’d hoped.  This is why it is important you speak to an IRM insurance consultant who will explain to you in simple terms how your insurance will respond.  Like many Australian’s, your insurance policy hasn’t been reviewed in years, though every year the costs of goods, rebuilding and risk exposures change.  Maybe you have purchased more stock or doing well and improved your profits; then disaster strikes.  You find out that your sums insureds are too low and you didn’t understand the importance of selecting business interruption.

 

At IRM we believe that there is no point in having an insurance policy in place if it is not tailored to your business or circumstances.  An insurance policy is not a one size fits all solution.  Terms and conditions between each insurer is different.  Terms like average clause/underinsurance or cross liability clauses need to be considered when purchasing your policy not after the claim occurs.  It is of utmost importance that your insurance remains up to date and relevant.  It should be treated as a risk management strategy rather than a grudge purchase.

 

Give us a call and see how your insurance can work for you when you need it.

 

Call Melbourne 03 8682 9788 Call Sydney 02 8922 9788
 
Insurance Rate Monitors Insurance Rate Monitors Insurance Rate MonitorsInsurance Rate Monitors

Free Service

Finding you a better rate is a free service.

At Insurance Rate Monitors we search the market to find you a better rate on your General Insurance. We save you time and money by finding the right insurer and product to suit your needs! If we find you a better rate we will let you know and provide you with an obligation free quotation. It's that easy! *Conditions apply.

Australian Authorised Insurers

We do not deal with foreign insurers.

Our Insurance Rate Monitors know only to look at saving you money with Australian Authorised General Insurers. We do not deal with any Unauthorised Foreign Insurers giving you peace of mind. Call now and let us do the work for you!

2024 © Insurance Rate Monitors | ABN 89 003 404 546 | AFS License No. 255376 | All rights reserved