The decision to work with a Perth insurance broker can bring in lots of benefits. Their services are often overlooked but they can be the difference between spending a lot on insurance that you won’t be able to use versus affordable insurance that covers your needs. It is therefore a crucial decision you would have to make.
If you choose not to hire insurance brokers at Oracle Group, you could be at risk at committing these common pitfalls:
Buying the Minimum Coverage
This is a typical choice for consumers who are looking to save money. Most consumers think that as long as they buy insurance that they would be instantly covered. However, this could be highly risky as you could end up not getting the services you need.
A Perth insurance broker can provide professional insight when choosing an insurance coverage, no matter what the type of insurance is. In fact, you will have a consultation with your insurance broker about the type of coverage you want. You will be able to discuss your needs versus the type of benefits you wish to get. They will come up with a compromise with the two to ensure that you can get what you need and want. At the same time, they will also factor in your budget so you can still afford it without compromising on the benefits you are supposed to get.
Thinking You’re Healthy Enough
This particular pitfall tackles specifically about health insurance. When you refuse to buy health insurance because you are healthy now, you are depriving yourself of the opportunity to get medical services when you need it most. Health insurance is designed to provide medical coverage when you need health services, but you cannot simply base it on what you feel now or your state of health at the moment. Illnesses could happen even when you do your best to stay healthy. And with the cost of medical services continually on the rise, you want to make sure you are covered.
Not Knowing About Policy Exclusions
This is when the services of a Perth insurance broker is most useful. Some consumers do not read the fine print of their insurance policy. Therefore, they simply assume that they are covered for certain situations when they are in for a shock. Consult a broker to study your policy before you sign it. This will help ensure that the exclusions won’t impact your overall benefits and the services you wish to enjoy later.
Assuming You Don’t Need It
This is the biggest and most common pitfall that consumers make. You should not assume this idea or else you stand to lose more than you can afford. Whether it is your home, health or protecting your family from illnesses, insurance can provide you with added peace of mind for the unexpected. There is no way to protect when you or anyone in the family could get sick, or lose your home or properties to a fire, protecting yourself from loss is therefore a vital step to take.
You can find out more about the Oracle Group Insurance services at http://www.oraclegroup.com.au to make the most of your insurance coverage and save money at the same time.