You update your wardrobe when the seasons change. You update your phone when a notification pops up. But your insurance policy? That’s something most of us forget about, that is, until it’s too late. Too late? Yes, too late.
Like, when something has happened and you need to claim. Then, because of some updates you haven’t made to your policy, your claim might not be approved.
That’s what’s at stake.
So, whether it’s your car, your home, or your lifestyle, changes in your life can affect your cover, your premiums, or your ability to claim successfully.
If you’re wondering when you should check in with your insurer, then let us break it down.
When you move house
Whether you’re upgrading, downsizing, or simply changing suburbs, a move can affect your insurance premium (thanks to crime rates, parking conditions, etc.) and your home contents cover. That’s why it’s so important that you always update your address, the location of your insured car, and any changes to how/where your car is parked overnight.
You change how much you drive
Started a new job that’s closer to home? Working remotely more often? These kinds of changes to how much you drive will have an impact on your risk. And if your risk on the road goes down, it’s likely that (*whispers excitedly*) your premium could, too. On the flip side, if you’re doing more kilometres than before, let us know to make sure your policy reflects your actual use.
You renovate your home
Have you added a granny flat? Upgraded your kitchen? These kinds of changes can increase the value of your property or your home contents. Basically, your current sum insured may no longer be enough and by letting us know, we can make sure your cover keeps up.
You add a new driver/car
Whether it’s your teenager getting their licence or your partner getting their own wheels, it’s super important that you make sure all regular drivers are listed on your policy. The same goes for any new cars that need to be added to your policy. The fact is that if they drive but aren’t named on the policy as the regular driver, it could affect a future claim.
You buy something big
A new TV. A designer handbag. That laptop you use to watch series. These kinds of high-value items that travel with you need to be listed under ‘portable possessions’ or they may not be covered if lost or stolen outside the home.
You hit a milestone
There are moments that change your life, and by extension, your risk profile, too. We’re talking about marriage, divorce, retirement, a new baby… Seriously, these changes can affect everything from your car use to your home value and your financial priorities. Let us know and we’ll help you update your cover accordingly.
The king has your back
Life moves fast, but your insurance shouldn’t fall behind. A quick policy check-in when life changes can save you time, money, and stress down the line. And if you’re not sure whether a change affects your cover? Just ask. We’re here to help.
Call/WhatsApp us on 0860 50 50 50 to make any changes to your policy. You could even manage your policy online by clicking here.