How to think about your insurance during a lockdown
Going into a sudden lockdown with shifting alert levels can be a very stressful experience for many New Zealanders. Responsibilities with work and family life rapidly change and it can sometimes be hard to get a grip on. Fortunately, we've been here before and Kiwi's always come out stronger from these lockdowns on the other side.
It's in times like these that many people start thinking about their insurance and begin to question whether they actually need certain premiums that they are currently paying for. While it can be tempting to start cutting premiums to save money, and some insurers did give policy owners holidays on their premiums in previous lockdowns, at the moment the best thing you could be is patient and not start cancelling stuff right away.
If you've got a good policy that works for you the last thing you want to do is cancel it out of panic, and if you are worried or stressed about it the best thing you could do is to call your insurance advisor who will be able to help you get through the lockdown storm.
However, if you are looking for ways to take a closer look at your insurance during this lockdown period you could look to include:
Premium Waver Options - Waving certain premiums is something that many New Zealanders could look at doing during this period. If you are thinking about doing this, you should speak to your advisor first as they'll be able to help you to not lose out in areas you don't want to lose out in.
Full Insurance Review – One of the good things of a lockdown is that it gives you time to take an overview of your current insurance needs and tidy up any loose ends. If you have the time, speak to your advisor and look at areas where you could be saving money or on whether or not one particular premium is actually a necessity for you at the moment.
At this very moment, New Zealanders should just take the time to hold their ground, be patient and wait for this lockdown to pass before making any rash decisions about their insurance needs.
If you're unsure or have questions, get in touch with your insurance advisor and they'll be able to help you make the right decision on what you need to do with your insurance during lockdown.
If you have any further questions, please take the time to get in touch with one of our Plus4 team today.
