Most of us don’t spend too much time thinking about insurance, and we can’t blame you, because it is something that only comes into play when life throws you unexpected curveballs. And that is exactly why we should be thinking about insurance more often - the unexpected. Insurance is a crucial part of life, whether we like it or not.
Having a safety net can help you out of a difficult situation when the hard times hit. Here are 5 things to consider when it comes to insurance.
- Think about lower premiums versus lower excess.
If you have a sizeable sum stashed away for a rainy day then it might be a good idea to opt for lower monthly premiums and a higher excess in the event of an accident. Otherwise, it might be better to pay a little more each month to avoid the higher excess when things go south.
- Make sure you understand the fine print.
If you can’t make sense of it all, go to a broker who can assist in explaining your policy terms and conditions. And don’t be afraid to ask questions if you are unsure about anything in your policy before signing. After all, it is up to you, the consumer, to make sure there is no uncertainty around your insurance quote.
- Know what you want out of your insurance policy - whether it be car, home or life insurance.
Experts advise reviewing policies every six months to rule out the risk of being under or over insured. The responsibility of making sure your car, house, and life are properly covered ultimately lies with you.
- If anyone relies on you financially, you need life insurance.
Life insurance does not simply apply a monetary value to someone’s life. Instead, it helps compensate for the inevitable financial consequences that come with the loss of a life.
- Do some window shopping.
You might even get a discount out of the deal as they are likely to match a competitors offer if the grass is greener on the other side of the insurance fence. Be sure to compare quotes and levels of cover offered by each insurer. These policies have various features that might not appeal to everyone of all generations. So make sure you find the right fit for you.
Insure with IntegriSure
It can be really hard to keep your premiums low as you get older. We’ve partnered with IntegriSure to help you save smart when you reach your fabulous 50’s.
IntegriSure is a trusted and respected short-term insurance provider for over 50’s. Their clients get the benefit of being part of one of South Africa’s fastest-growing insurance providers that understands the needs and requirements of their clients.
If you switch to IntegriSure and pay for your insurance with bsmart we’re giving our members a quarterly or annual cashback bonus of 6%.
So, if you’re over the age of 50 and looking for car, home or business insurance, visit the IntegriSure website for a quick and easy obligation free quote. Remember to have your bsmart member number ready when getting in touch.