Why you can’t rely on ACC alone, and need insurance too.
New Zealand is a land of adventure. But with these adventure opportunities comes the risk of accidents and injuries.
Kiwis are lucky to be offered financial support after an accident thanks to the ACC: Accident Compensation Corporation. Most of us are familiar with it, but to quickly summarise, ACC ensures " everyone in New Zealand is covered by our no-fault scheme if they've been injured in an accident." (ACC - Home)
While this is a great initiative, it's not a complete safety net. Extra protection is essential in case of a serious accident or injury. We'll explain why and show you how to keep yourself and your loved ones well in times of emergency.
ACC: A Good Start
On the whole, ACC offers medical care, rehabilitation, and income support for accidents, regardless of where they occur – at home, at work, or during leisure activities.
But - ACC Isn't Enough
While ACC offers valuable assistance, it's important to understand its limitations. That way you know you are fully prepared in case of an accident or emergency, and not left without funding if you are unable to work. Here are a few reasons why you can't rely solely on ACC:
Income Replacement: ACC provides up to 80% of your income if you're unable to work due to an accident. However, this does not cover your full earning potential or account for unique circumstances that affect your income. With the rising cost of living, a 20% cut in salary will put pressure on any household.
Specialised Care: In cases of serious injury, for example, a car crash or adventure sports accident, you might require specialised medical treatment or rehabilitation that goes beyond what ACC can provide.
Non-Accidental Events: Not many people know that ACC only covers accidents! This means you will be vulnerable in the event of an illness or disability caused by a non-accident.
Comprehensive Insurance: A Holistic Approach
This is where Plus4 Insurance can support you. We understand you want a safe and stress-free future for you and your loved ones. While we can't guarantee bad things won't happen to you, we can make life a bit easier if they do. Our comprehensive insurance policies are designed to fill in the gaps left by ACC, providing you with peace of mind and financial security. Here's why our insurance is an essential complement to ACC:
Income Protection: Our income protection insurance ensures that you maintain financial stability, even if an accident prevents you from working. This coverage extends to illnesses and disabilities as well. Check our income protection package further.
Total and Permanent Disability Insurance: In the unlikely event that you become totally and permanently disabled, our total and permanent disability cover pays you out a lump sum. These funds can be used in a variety of ways such as retiring your mortgage and/or renovating your home to accommodate wheelchair access and to make everyday activities possible.
Critical Conditions or Trauma Insurance: A heart attack or serious disease such as cancer are very traumatic events and you don’t need the burden of financial hardship on top of your recovery. Protect yourself and your family with our Critical Conditions or Trauma Insurance.
And much more: While ACC provides essential support, it's vital to recognise its limitations and complement it with comprehensive insurance coverage. For a friendly, no-obligation chat to see how Plus4 insurance can help you, contact your local adviser here.