Insurance is often misunderstood, leading many Kiwis to be under-insured or not insured at all. At AdviseNow, we’re on a mission to debunk the common myths and help you make informed decisions about your protection.
Myth 1: “I’m young and healthy, I don’t need insurance.”
The best time to get insurance is when you’re healthy. Once you have a medical condition, it may be excluded from future policies. Getting covered early locks in your protection.
Myth 2: “Insurance companies never pay out.”
In reality, NZ insurers pay out millions of dollars in claims every single day. The key is full disclosure when you apply and having a professional advisor to help you navigate the claims process.
Myth 3: “It’s too expensive.”
Insurance can be tailored to fit almost any budget. It’s about prioritising the risks you can’t afford to take yourself. Often, the cost of a couple of coffees a week can provide significant cover.
Key Takeaways
- Healthier people get better rates and fewer exclusions.
- Claims are paid out regularly when policies are set up correctly.
- Cover can be scaled to fit your budget.
Disclaimer: This information is general in nature and does not constitute personalised financial advice.
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