Personal Insurance – Do you Need It?
Its surprising how many people think they are properly insured because they have motor vehicle and home and contents insurance… Yes, this type of insurance is important, but what about insuring yourself so you know you are covered (or your family is covered) if something bad happens. We know how expensive a Manly lifestyle can be! If you don’t understand what personal insurance is, please read this blog here – Click Here.
So why should you take out personal insurance? I have narrowed it down into four key categories:
1. Young single person
Taken out a personal loan to buy a car or go on a holiday
Starting your first job
Found your future husband/wife
2. Young couple
Just purchased a house and have a mortgage on it
Thinking about having kids
High levels of personal debt like credit card debt
3. Older couple
Increasing debt because you have purchased an investment property
Renovated your house and have a larger debt now
You have dependant (physically or financially) parent/s
Divorced or re-married
Have a special needs child who you need to make sure is looked after in the future
Want to leave your children/spouse/parents an inheritance
4. Self Employed
Have fixed expenses such as rent, phone bills, car lease payments
New business partner
Key staff in your business
If you fit into one of these categories, then now is the time to talk to us to see what insurance you need.