The Importance Of Policy Maintenance

I think the following raises some excellent points about The Importance Of Policy Maintenance. I’ve included a few of the highlights for you to get the gist of the article:

Make sure to notify your insurer if your circumstances have changed 

Even the most minor things can affect your insurance policy, premium and likelihood of a claim being paid out. It is of utmost importance that you let your insurer know. We have included some further detail on what kinds of changes your insurer needs to know about further below.

Consider your payment schedule and excesses 

Renewal time is a good time for you to consider whether you’re happy with your existing payment schedule and excesses. Ask yourself the following questions: 

• Would you prefer to pay a higher premium in exchange for a lower excess, or is it more important to you to pay a lower premium in exchange for a higher excess?
• How would you like to go about paying the premium — does it work better for you to pay annually, quarterly, monthly or weekly? Is the option you’d prefer available?

What do you think? Maybe you’d like to read on? Check out the full version HERE then give me a call to discuss how this might impact your own business: (07) 3243 0000. Alternatively, email me at [email protected].

Thanks,

Mark