Life insurance often feels like something that your parents needed; that it's a good idea for a distant time. Answering the question of when is a good time to buy life insurance can be easy though, if you know the signs to look for.
In our recent blog we covered off what the cyber risks are and where the "traditional" insurances commonly leave gaps.
But like most insurance policies no two policies are created equal. Once you've identified the risks that you face we'd recommend measuring a policy against our checklist below to see how it will respond.
You dont need to look far to spot the difference.
A recent report showed that claims from the Non Advised (Direct) life insurance policies were 71% more likely to be denied. On the flip side “Advised retail life insurance was typically thoroughly underwritten at application time and was actively managed by an Adviser at claim time” leading to it making up 70% of all claims.
As the Unmanned Aerial Vehicle (UAV) industry in New Zealand grows at a rapid pace, UAV owners and operators are being urged to ensure they’re adequately covered by insurance. However we've found there is a lack of understanding when it comes to insuring drones especially from brokers and insurers who think they're covering some of the risks but aren't providing the advice that the industry needs.
Whenever the topic of buying houses in Auckland is raised we know the conversation usually takes the line of the average house price being too high. But in an ever-changing market it’s good to get some insight from the Director of Research at CoreLogic, Jonno Ingerson, on the statistics and trends behind these values.