For the small cost of a professional insurance package, it can often be definitely worth it. In life there are many unexpected events that can happen, which might cause you to be under financial stress.
We have all heard of many horror stories. Such as if someone bangs another person’s car, the repair bill can be as much as $20,000 or even $50,000, if not, more! Also if someone can pass away or die early, in this very unfortunate event, it can be very expensive.
Even though New Zealand has a lot of welfare support and free medical facilities, there are many types of insurance, and it is important people think about getting good cover in place.
Life Insurance – This helps by paying money if someone passes away or dies.
Mortgage repayment insurance – If you have a home loan or mortgage, this can help towards paying the mortgage costs or repayments in the event of a major illness or disability.
Medical insurance – Even though New Zealand has a good healthcare system, many people know that it can be very slow. Medical insurance can help you access healthcare faster to help save your life and from your conditions getting worse.
Car insurance – This type of insurance will help if you injure your car.
Trauma or critical illness insurance – This helps with types of critical illnesses such as cancers, strokes, heart attacks, etc.
Remember to carefully read the terms and conditions and policy documents and wording to know exactly what you are covered for.