Too much cover or not enough?
Monday 16 August 2004
Insurance is about individuals choosing the best options for them at the right cost.
By The Landlord
Life is a risky business but it's hard to know what insurance cover you need.In New Zealand, there's no shortage of people to advise you on insurance though their recommendations can vary hugely.
While insurance advisers, who earn commission on policy sales, see Kiwis as chronically under-insured, many financial planners, who earn their commissions from investment products, resent premiums taking cash away from investment and savings.
Compared to other nationalities, there is little doubt Kiwis are under-insured, says Simon Swanson, managing director of insurance giant Sovereign.
The problem is largely a result of lack of income to pay the premiums on a swag of life insurance, income protection (IP), trauma cover and total and permanent disablement (TPD) policies as well as maintain one's lifestyle.
Read More - Opens in a new window
Commenting is closed
Property News
Major industrial development powers on
It’s full steam ahead for the Stevenson Group’s $800 million, 361-hectare industrial and residential development in South Auckland – despite the uncertainties of the post-Covid-19 era.
Commercial
Resilience needed in face of change
The Reserve Bank says the commercial property sector is vulnerable to the Covid-19 crisis. But PMG Funds' chief executive believes that while there’ll be short-term pain, the biggest long-term impact will be structural change.
Mortgages
Mortgage lending slumps to record low in April
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.
