Hi all, it is sad to read a few threads about people without much insurances falling ill etc. Other than a 50K life insurance through super, I do have building insurances for all our properties and third party insurances for vehicles but don't have any personal insurances at all and want to get them asap. I almost booked an appointment with Comminsure today but want to access the collective knowledge of the forum before selecting policies.
What sort of insurance policies should be selected by investors?
1. Life insurance - Enough to pay off all investment loans?
2. TPD - Enough to pay off investment loans and some more for medical treatments etc? If more how much more?
3. Income Protection - 75% of income?
4. Health insurance - what sort of health insurance should be selected? Any examples? Which providers?
5. Car insurance - At least third party insurance but preferably full insurance?
6. Home and contents - Both if living in ppor; Contents only if renting?
7. Any other insurances - Are insurances like bill protect, loan protect, critical illness cover etc needed? (For example, if we have health insurance is critical illness cover needed?)
You may share what sort of insurances you have as well as that information will be useful as well.
What sort of insurance policies should be selected by investors?
1. Life insurance - Enough to pay off all investment loans?
2. TPD - Enough to pay off investment loans and some more for medical treatments etc? If more how much more?
3. Income Protection - 75% of income?
4. Health insurance - what sort of health insurance should be selected? Any examples? Which providers?
5. Car insurance - At least third party insurance but preferably full insurance?
6. Home and contents - Both if living in ppor; Contents only if renting?
7. Any other insurances - Are insurances like bill protect, loan protect, critical illness cover etc needed? (For example, if we have health insurance is critical illness cover needed?)
You may share what sort of insurances you have as well as that information will be useful as well.