Australian Pensioner Insurance
If you’re a pensioner on a fixed income, balancing everyday living costs can be difficult and stressful. Getting the best deal on all services and living needs is a necessity. Insurance is a need and service that can be expensive and confusing. Organising and staying on top of insurances is a tough and overwhelming job. With so many terms and conditions and types of insurances, clearly understanding what you are covered for may be difficult.
In addition, depending on what type of insurance you are looking at, policies may be adjusted or slightly changed annually. This makes staying on top of things challenging as what you were covered for yesterday may not be the case today.
Unfortunately for seniors, the older a person is, the higher the premium is in most cases. Other factors like, health issues and smoking also play a part in costs. Because of this it is very important to get the best deal for yourself. The best deal might not always be the cheapest, but the coverage that provides you with the most benefits and value for what you are paying.
Here are some tips on how to potentially save money and get a better deal.
– Bundling insurances with one provider is a great way to gain savings across insurances. A combination of bundling may also work. You don’t necessarily have to bundle everything with one provider to gain savings.
– Always ask for seniors or pensioner discounts, depending on the type of insurance, many providers will provide some type of discount.
– Know what you want and need and then shop around; don’t just go with one provider that promises the world. Take the time to create a list of what you need and then call around. Try dealing with companies that specialise in pensioner insurance for Australians.
– Review your policy once a year as they may change. In addition, if your circumstances have changed it is highly recommended that you change your policies to fit your new situation.
– Ask a lot of questions and make sure you are happy with the responses. In addition, if you receive an answer to a question make sure it’s in the terms or you have it in writing. Don’t just take their word as you may get stung.
A good provider will take the time to answer all your questions and provide you with written confirmation of terms/benefits that were discussed. They take the time to make sure you are confident in and happy with your decision. Always know what you want and need from your insurances to avoid paying for things that you don’t require.