Certain tips before buying an Insurance plan. Firstly compare prices with other insurance companies and read the offer document carefully. If you have a family that needs to be Insured then go for a family plan. Do not buy a policy just on the basis of cashless facilities. Give correct details about yourself on your declaration form especially if it is a health policy. jcruzinsurance
Those are pretty generic tips, but thanks for sharing them. Fine print is also one area that needs to be read with a fine tooth comb. A lot of times, that is when someone gets caught the most / fastest. And one tool lawyers love playing in court. Thanks, Dreamraven
Yes the Fine print is important. We tend to miss on to the details or sometimes read them but do not register them in our mind. It is essential to read the documents carefully and clarify all the doubts with the insurance agent right then and there. jcruzinsurance
Yes, before buying any insurance we must compare the prices with other insurance companies and we can also bargain. The most important thing is reading the document care fully. orlandowilliams
“Yes, before buying any insurance we must compare the prices with other insurance companies and we can also bargain. The most important thing is reading the document care fully.” What type of insurance agents you prefer? Captive or non-captive insurance agents? Both have different advantages though. jcruzinsurance
Think there might be a bit of a language clash going on here - we dont use those terms (well not when i was a broker anyway) By captive agents i presume you mean what we would term as tied agents, ie they are only referring business to 1 company & non captive we class as independent brokers/agents that search the market for the best quote through a variety of Companies. Bottomline as far as im concerned is price versus cover. Also be selective on how much excess you take, its not always a good idea to carry a massive excess, premium reduction for carrying Clive
It is also important that you compare the premiums to be paid and the value of the item in question. There is absolutely no point of forking hundreds of dollars on something that is worth less than a thousand dollars. Roxy
The other thing to take into account when buying insurance is do the pay out when you have a claim?. In my experience Prudential is the worst of the lot, dont touch them. skylight
There are insurance agencies here vying with each other. Their advertising is the best though. The promises they are not the same as the ones they keep, and of course, there's the whole "we're so much better than company c". The best way for me, I guess, is to listen to what people say, and listen to their experiences. I would much rather listen to another person sitting in front of me, than someone scripted into an advert. Most days, the opinions of friends around me help me make decisions.  Thanks, Dreamraven |
Recent Posts Risk assessments, what's in it for me? Selling electrics: non-UK plug socket, liability, warranty Self Assessment Question 1 comments Flexible Counselling Supervision offered, online, group or one to one 1 comments Trade Vehicles - insurance change 1 comments  Help with getty images threat 14 comments Three Month Notice Period 1 comments Q&A for Peeps who're hiring remote 1 comments What is a HR Software or HR System and why do SMEs need one? 3 comments  Employment Law Update Feb 2021  Important Employment Law Issues - explained Why get a Will or Prepaid Funeral Plan 3 comments Wills - Trusts - Prepaid Funeral Plans 2 comments Has anyone had their content stolen? 9 comments Brand name/business name ownership help 4 comments |
