When we do our food shopping, we all love a bargain. There are some things that we will make sure that we get the cheapest brand available, some that we’ll go for a mid-range brand and there are some things that we have to get the most expensive because we won’t compromise quality to save some money. Each of us have our reasons why we won’t buy certain products on the cheap at the supermarket, however when it comes to insuring things like our lives, our health and homes, there is no reason to buy the lower range products.
We don’t mind paying a few extra pounds each month so that we don’t have to eat cheap beans, yet some of us won’t pay a few extra pounds a month to ensure that our insurance policies are comprehensive and cover us for everything that we need. There are lots of reasons why people compromise the quality of insurance for a few pounds. Perhaps it is because it can be hard to tell sometimes which insurance policies are best, with most providers concentrating on telling you their prices, instead of what they actually cover you for. Or maybe it is because when we spend all day searching the markets to try and save money, we feel compelled to switch our insurance providers so that we don’t feel like we have wasted a day. Whatever the reason may be, I believe it is worthwhile making sure you take a closer look at the quality of what you are buying.
One type of cover in particular, I feel as though we should all spend more time looking at is critical illness cover. Critical illness policies are often sold with life insurance policies and cover you for things like heart attacks, cancer, strokes. Each company provides a list of the things that their insurance contracts cover, which can help you decide who has the best plan. Some companies will cover you for say 10 critical illnesses, and another may cover you for 20. So although you may have to pay a little bit more money, you can get a lot more for it.
If you would like an independent opinion of the quality of insurance products, feel free to contact us, and we can provide you with information about the different insurance contracts available, using our own experiences and opinions as well as the opinions of other independent insurance ratings agencies.
If you would like to review your protection needs you should consult an Independent Financial Adviser (IFA). Kieron Bassett Financial Services are an Independent Financial Advisers and we are open six days a week. Contact the office on (01524) 832057 or via e-mail info@kieronbassett.com to arrange an appointment.
Jason Hinde CertPFS