Insurance basics

Insurance Basics Explained

Unfortunate events such as theft, damage to property, or disability can have long-term effects on your finances and family life.

If you are the primary breadwinner for your family, it’s important to get insurance when you suddenly lose the ability to earn income. It’s also important to declare the full value of your properties, against under-insuring to save on premiums. Answer questions by the insurance provider as truthfully and accurately as possible, and don’t forget to ask around for quotes to get the best value.

If you are unsure what type of insurance you need, this article from Kidspot provides a summary of the common risks and the type of insurance you need.