Frequently Asked Questions
How can I lower my insurance premiums?
There are several different ways you can lower your insurance premiums. One way to lower your premiums is to speak to an insurance broker to compare plans; our brokers can help you find out if there’s a plan that offers the same level of coverage at a lower price. You can also potentially lower insurance premiums by:
- Bundling two or more types of insurance together
- Maintaining claims-free status
- Equipping your home or business with security and safety equipment
- Increasing your deductible
How do I know how much insurance coverage I need?
The amount of insurance coverage you’ll need will vary depending on the value of what you are protecting. Home insurance should cover the value of your home, other detached property on your home (like sheds) and your personal items. Business insurance is somewhat harder to calculate, as you may want to protect yourself from loss of income and other intangibles.
The best way to determine how much insurance coverage you need is to speak to one of our insurance brokers. They’ll talk you through the coverage available, what you might want to protect, and why they recommend certain coverage levels.
How often should I review or update my insurance policies?
We recommend reviewing your insurance policy at least once a year. Your insurer may update your policy (and premiums) on a yearly basis; it’s a good opportunity to check in, make sure that you’re not paying too much, and ensure that you still have the proper level of protection for your needs.