Personal insurance
Personal insurance can help protect household income, health choices, family commitments, everyday assets and a home under construction or renovation. This overview explains the main topics and the questions worth clarifying before any recommendation is made.
Cover map
Start with the responsibility, asset or interruption that concerns you. Product names and policy comparisons come after the situation is clear.
People and income
These topics look at the financial effect of death, serious illness, disability or time away from work. The right questions begin with responsibilities, existing support and how long the household would need help.
Life cover may provide a lump sum after the insured person dies. It can be considered against household income needs, debt, education costs and other responsibilities that would continue.
Trauma cover may pay a lump sum when the policy definition of a specified serious condition is met. Definitions, partial benefits and exclusions can differ, so the detail matters.
Income protection may provide a regular benefit when illness or injury prevents work. Waiting periods, benefit periods, offsets and the policy's definition of disability affect how cover responds.
Total and permanent disability cover may provide a lump sum when the policy's disability definition is met. Definitions based on occupation or daily activities can lead to materially different outcomes.
Mortgage protection is designed around the home loan commitment when illness or injury interrupts work. It should be compared with income protection and existing support so benefits are not considered in isolation.
Home and everyday assets
General insurance decisions depend on accurate values, how an asset is used, the excess you can carry and the events a policy does or does not cover.
Home and contents insurance can address insured loss or damage to a house and belongings. Rebuild assumptions, specified items, security requirements and policy limits deserve regular review.
Car and vehicle cover can address accidental loss, damage and liability according to the selected policy. Agreed value, market value, drivers, vehicle use and excesses can change the outcome.
Landlord cover can combine building or contents protection with selected rental risks. Cover for loss of rent, tenant damage and liability varies by policy and circumstance.
Boats, leisure assets and travel may involve different types of cover. Storage, transport, destinations, activities, equipment, health disclosures and geographic limits can all affect how a policy responds.
Construction and renovation
Contract works insurance can be relevant when you are building, renovating or altering a home. Vero publishes SiteCover for residential projects, subject to policy terms, underwriting and the requirements of the construction contract.
Contract works cover can protect insured residential construction work and materials during building, renovation or alteration. Depending on the policy and contract, it may address the parties who must be insured, accidental loss, debris removal, professional costs, cost escalation, testing and commissioning.
From overview to advice
Personal advice should begin with your goals, family, work, debts, existing policies and the support already available. The next step is to compare definitions, limits, exclusions, premiums and trade-offs in writing, within the adviser scope confirmed for James under Wealthpoint.
See how the advice process worksBring your existing policies, debts, household costs and workplace benefits. James can then confirm the advice scope for your conversation and explain the next step.