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Tips for Choosing Insurance

Buying insurance can be said to be easy, because there are many considerations that must be considered. Especially with the high competition between insurance companies like now. But there are several important factors that you should know before you buy insurance. Well, what are the tips for choosing insurance? Here’s the review.

 

 

1. Understand yourself.

 

As holders or buyers of insurance, we must know our needs clearly and clearly. Insurance products are numerous and varied. Selection of the appropriate needs must be a priority.

 

In the early stages, health insurance was needed by those who began to collect insurance investments. Health insurance covers medical expenses, including if you have to be hospitalized. Furthermore, life insurance bears the risk of uncertainty in the future.

 

This insurance guarantees a number of funds for families left behind if the policy holder dies. That is, we move the risks faced by the family in the future to the insurance company.

 

If both of these insurance have been owned, then we need insurance for goods owned. For example, home insurance is free from fire, car insurance for loss or accident can also be made including third parties.

 

If you already have it, just think of insurance that is very specific and offered to the public. For example, job title insurance or frofessional indemnity insurance. This insurance is needed by doctors, stock brokers and MI.

 

 

2. Looking for insurance that is desired and offered by insurance companies.

 

Many insurance companies offer their products and vary greatly between one company and another. For this product, buyers of insurance products must look at the products offered. If necessary, buyers can consult with friends or insurance experts.

 

When looking at these products, buyers must understand the legal language of the product brochure offered. The same product premium can be different for each insurance.

 

 

3. Take into account the ability of insurance to be purchased.

 

If the buyer wants only insurance, the premium is a cost, not an investment. The following year the buyer must pay the premium again and there will be a possible increase in premiums due to inflation or costs incurred by the insurance company.

 

3. Take into account the ability of insurance to be purchased.

 

If the buyer wants only insurance, the premium is a cost, not an investment. The following year the buyer must pay the premium again and there will be a possible increase in premiums due to inflation or costs incurred by the insurance company.

 

Don’t force yourself if you can’t afford the insurance. It’s better to delay and carry out the following year. When buyers force themselves, other posts must be sacrificed in order to buy insurance products.

 

 

4. Match insurance products with the ability of funds.

 

This is the process of making decisions for the selection of insurance products to be purchased. If there are several insurance products that are desired, and offered not only by one company, it is very good information for buyers because there is a choice.

 

 

5. Discuss the contents of insurance products from insurance companies that have been selected according to the ability of funds.

 

This discussion is very important because brochures given to read are often ignored, and we are not careful. All brochures and information from sales agents should be discussed with those who understand the law, so that choices are more secure.

 

Because it costs money, buyers can ask friends, or “friends of friends” who understand it. Small costs such as lunch may be borne to increase our knowledge.

 

 

6. Choosing an insurance company is equally important.

 

Insurance buyers must be clear and careful not to make a wrong choice. Insurance buyers must know the company’s track record. The ownership status of the company is sometimes also a factor of choice, but not the main factor.

 

There is a small insurance company, but the track record is very reliable. Insurance buyers can ask customers or buyers of insurance from the company. In fact, you can ask the party that has been paid for insurance in accordance with the agreement.

 

Large companies also often do irregularities. We often hear that insurance companies are very diligent when collecting premiums, but it is very difficult when disbursing insurance claims. The delay in disbursing the claim is generally because the company is still conducting an investigation of an event that caused the claim to arise.

 

Foreign or local ownership is also often an option. Foreign owners are usually more experienced than local. However, buyers can judge for themselves about these characteristics. Good management will always pay attention to its customers. Usually insurance companies meet with customers to get acquainted so that their products are purchased.

 

7. Sign an insurance agreement.

 

This stage needs to be considered carefully whether the contents of the agreement are in accordance with our offers and desires. The buyer should not be tempted by the sentence that everything is what you want. If the answer is the raw material of the company, the buyer must be careful and ask to be postponed to suit the wishes of the buyer. What is written in the agreement is the responsibility of each party.

 

In buying insurance products, buyers always meet a sales agent. Don’t be tempted by the attitude of agents who want to quickly purchase closed because the buyer can make a wrong decision. The buyer should not clearly pay attention to the signals of interest in one product.

 

Care is needed. Purchasing funds do not belong to someone else, but yours. Losses or risks of mistakes in purchasing insurance remain borne by the buyer, not the other party. (ADLER HAYMANS MANURUNG, Financial practitioner)

About Edwin Kamanda

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