Why do I need an insurance advisor?
There’s several reasons why using an insurance advisor is a better idea compared to the other ways of buying insurance. The three most common other ways are buying insurance online, buying from a major bank or self-insurance. Self-insurance is where you insure yourself. If something happens you use your own assets to protect yourself.
• Make sure you have the correct cover in place.
Having the correct insurance is important. The wrong types of cover or incorrect amount of cover could lead to disastrous consequences. It is essential that you get the right advice and cover that best suits your situation in the first place. It is too late to make changes at claim time.
• Having an advisor at claim time can be invaluable. Buying a policy directly from a bank or online means that you now have to go through the claim process yourself, up against an insurer who will only pay out if the claim meets what is covered by your policy. An Insurance Lab advisor is able to guide and advise you and will have your best interests at heart.
• Claim time can be confusing. An advisor can help to guide you through the process:
-Talk you through the claim process
-Advise you on what policies / parts of policies can be claimed
-Help you with claim documentation
-Liaise with the insurer with regard any issues
-Review your ongoing insurance needs
