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How hobbies affect your insurance assessment
Oct 17, 2019
Living your best life could cost you if you're not careful!!
Today we are going to talk a little bit about living life to the max!New Zealand is a country full of exciting (and sometimes extreme) activities and hobbies! If you are like many out there and enjoy a hobby or past-time that is a little crazy, perhaps you scuba dive, mountain climb or jump out of planes, then arranging your Life insurance may not be as straightforward.
If you are taking part in extreme sports like racing cars, flying, hang-gliding or parachuting you could be considered a higher risk than someone whose idea of a fun filled weekend is a game of mini golf with the family or dinner and a movie. Being a higher risk, regardless of your health or how many safety precautions you take, can mean Life insurance premiums may be more expensive.
So why are you considered a higher risk if you have an extreme hobby?
The simplest answer is that you have a greater chance of injury or death from unnatural causes and the higher that chance the more expensive your premium could be. But don't panic we can help!
Just because you enjoy a extreme sport or hobby doesn't mean your rates automatically go up.
Disclosing pastimes and pursuits is important when applying for insurance. Insurers can look at these past-times differently which is why using an Adviser is important, as you may not get the best option for you if you purchase insurance online or perhaps with the Bank. Each Insurer uses Re-insurers and can offer varying terms.
As insurance advisers we have seen it all and know which life insurance companies are best when it comes to specific hobbies. So you can be ready for your next adventure knowing that your life cover and insurance are taken care of!
Insurers and their underwriters can vary in many ways with their assessments, which is why Advisers use more than one Insurer to match each client with the right
Insurer for their specific needs. There is no "one size fits all".
At Ask we focus on what you need and help you understand what your insurance will do for you.
If you need help with arranging insurance cover in Christchurch then give us a call or get in touch.
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A study co-authored by Dr Caroline Shaw from the University of Otago and Professor Alistair Woodward at the University of Auckland has found that Wellington is New Zealand’s ‘fittest city'.
Wellingtonians, it was found, walk more and take more trips by public transport than other New Zealanders.
The ‘Fittest City’ study has been released as part of the New Zealand launch of the world’s largest health and wellbeing programme, AIA Vitality.
“New Zealand cities vary widely, not only in geography, but also in urban planning and transport decision-making. There are consequences for population health, greenhouse gas emissions and local air pollution,” says Professor Alistair Woodward.
Levels of walking, cycling and public transport were used to estimate the effects on health and the environment in the six largest New Zealand cities.
Wellingtonians, it was found, walk more and take more trips by public transport than other New Zealanders.
The ‘Fittest City’ study has been released as part of the New Zealand launch of the world’s largest health and wellbeing programme, AIA Vitality.
“New Zealand cities vary widely, not only in geography, but also in urban planning and transport decision-making. There are consequences for population health, greenhouse gas emissions and local air pollution,” says Professor Alistair Woodward.
Levels of walking, cycling and public transport were used to estimate the effects on health and the environment in the six largest New Zealand cities.
As insurance brokers it is our job to find the policy that is best for you and your circumstances and we do our best to make your health insurance journey simple and clear for you, in a language you understand.
With that in mind we have put together a list of the common terms you will find in your insurance policy documents that you might want to understand a little better.
With that in mind we have put together a list of the common terms you will find in your insurance policy documents that you might want to understand a little better.
October is Breast Cancer Awareness Month. Breast cancer is the most common cancer in New Zealand women and The Breast Cancer Foundation New Zealand’s mission is to stop women dying of it.
Fidelity Life, New Zealand’s largest locally owned and operated life insurer and two-time ANZIIF New Zealand Life Insurance Company of the Year, has been awarded the Accessibility Tick.
Having Cancer Cover can help assist you in recovering both physically & financially!!!
Although it remains one of the most common and devastating diseases – cancer isn’t a death sentence by any means. In New Zealand, two-thirds of all serious illness claims are for cancer. Cancer insurance can pay you a lump sum of money if you’re diagnosed with cancer to help you recover physically and financially.
The ASK Team provide advice about Life Insurance, Trauma Insurance, Income Protection, Mortgage Repayment Protection, Health Insurance, Total & Permanent Disablement.
To safeguard your family in the event your unable to work, it's important to protect your income.
Apart from our health our income is our largest asset, something we can't do without!
Easy and quick access to mental health diagnosis and support has been added to the range of services that Kiwis can call on from Accuro Health Insurance.
About 47% of New Zealanders will experience a mental illness and/or addiction at some time in their lives, with one in five people affected in any one year.
An insurance broker is a professional adviser, an expert in understanding insurance and risk management. Our job is to find you the right insurance with the right Insurer and help you with any claims. But responsibility for the risk associated with your policy sits with the insurer.
In practice this means that while we work to pair you with the Insurer who’s right for you and work with you if you have to claim, we’re not the ones who pay out when a claim is made.
Life insurance is one of those topics which can seem pretty daunting! There are so many different types of cover out there and it can feel like a never ending list of things to consider. That's why it’s always a good idea to talk to an adviser for help understanding your options - but more about that later! For now, here is a breakdown of what you need to know.
What are your goals? Paying off your mortgage, savings for retirement, health, a beach house?
Think about it for a moment – if your health failed, how would that affect your financial future, or that of your family. Suddenly all of your dreams and plans for the future would need to be seriously revised or may no longer be possible.
The good news is that with the right life insurance you can still protect what you value most – lifestyle, family, health, even the home you live in, no matter what.
