Insurance News for Real People

Why does my insurance policy anniversary always increase?

Why does my insurance policy anniversary always increase?

 


Policy anniversary letters, why does the premium always go up?

This is a common comment I hear from clients, that and 'It's got too expensive can you do some thing about it?' If you are a Willowgrove client you are likely to be getting your first or possibly your second anniversary letter from the insurance company, so this is relatively new for you, if you did not have insurance cover before we met.

The simple answer to the title is; you are a year older and age is part of how the insurance company assess risk. Bluntly put, being a year older the chance of you claiming has increased.

What is not always understood with the annual policy renewal is your cover level has probably increased too. In recent times the level of cover increases have been up as high 5% inflation, though the last couple of years have been a bit lower.

Read more

Time to hunt for a flat, get some insurance too!

Time to hunt for a flat, get some insurance too!

 

A timely reminder in the Herald today, especially for those students about to start the year and are flat hunting.

If you're renting you need to have some level of contents cover. Ideally enough to cover the replacement of your possessions but more importantly cover for damage you may be liable for.

Read more

Risk planning and grand ideas about private schooling

Risk planning and grand ideas about private schooling

 

Something which is often kicked around by financial advisers is private education, sort of meaning: if something happened to you, your kids would go/move to private education from public education.

Now this may be a wish you have but the practical reality is your kids have had a significant change with the loss or disability of a parent. Why would you inflict more change on them by pulling them away from their friends and stable routine to send them to private schooling? Sounds like a great way of scarring them for life at a vulnerable time.

Read more

Physical Address:
5i Miro Place
Albany
Auckland

Email: enquiry@willowgrove.co.nz
Phone: 09 973 2849

Postal Address:
PO Box 301792
Albany
Auckland