One-Size-Fits-All Insurance?

Over 50 Insurance is designed with you in mind. We provide Home, Contents, Car; and Boat Insurance to the Over 50’s market!

Most people have had both positive and negative experiences with insurance. If you’ve never made a claim, you’re the exception. The reason is simple: there’s no one-size-fits-all insurance policy. We all have different insurance needs to suit out lifestyles.

The problems with one-size-fits-all insurance often gets highlighted when you reach a new stage of life. People over 50 will know this well, reaching 50 is more than a milestone. You’ll have paid off your mortgage, or be near to it, the kids are grown up and leaving or have left the nest, and you will own much more, including a boat perhaps or a nice car.

Finding the right kind of cover and the policies that best suit you can be a lot of time consuming work. It’s worth mentioning, price isn’t the only consideration when looking for insurance. There are lots of reasons why one policy may be a better fit than another, such as excess, what’s covered in various circumstances and how easy it is to make a claim.

We surveyed over two hundred people to find out what matters the most for people over 50. The responses indicated GrownUps members have experienced significant changes to their insurance policies as a result of what has been happening in the insurance market. Consequently, many members do not have the right cover to meet the needs of their current lifestyle.

If you’re not aware of the changes to the insurance market, these include changes to way insurers calculate the sum to rebuild your home, and changes to insurance premium cross subsidisation. Simply put, this is the practice of charging higher prices to one consumer group to artificially lower prices for another group.

So we developed GrownUps Insurance Service specifically to provide personal advice for Grownups members. We strongly advise you take the opportunity of a new year to sit down and review your current policies, to ensure they provide the best terms and conditions for your individual needs. If you’re unsure if you have the best deal for your circumstances, then don’t hesitate to get in touch with Over Fifty Insurance.

Over 50 Insurance offers savings and added value through an advice based service which is tailored for the over 50 market. Get a quote for House, Contents & Car insurance with us. Complete the form on our website for a free, no obligation insurance assessment. www.overfifty.co.nz

Written By Brian Gilmour
Over 50 Insurance