Activity 5: Ensure you're insured.
Woah we’re halfway there
Woah hopefully not living on a prayer….
Let’s all hope that there aren’t too many more years like 2020 ahead.
But in case there are, it’s a good idea to make sure you’ve got the insurance you need.
Insurance gives you a bit of a safety net if the world decides to go all Armageddon on you.
When taking out insurance, you should consider a number of options, including:
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home and contents
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vehicle
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health
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income protection
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travel (if 2020 has taught us anything, make sure you read the fine print).
As a rule of thumb, the higher the excess, the lower the premium – choose a balance that’s right for you.
Check annually to ensure your premiums are as low as possible, whilst still giving you maximum cover.
If you’re considering income protection, it can be a bit tricky. So, it’s worth checking out the guide from Moneysmart or speaking to one of our financial planners – it's free.
Your week 3 snapshot.
Activity 5.
Ensure you're insured
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This information has been provided without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider its appropriateness, having regard to your objectives, financial situation and needs.
