Be Insurance Savvy
Insurance is a way of protecting yourself, your loved ones and your personal possessions by transferring the risk to the insurer for a premium. Through ‘Be Insurance Savvy’ we want to provide consumers with knowledge on how to buy insurance, how insurance works and the various types of insurance available.
We’re here to help you become insurance savvy.
An introduction to insurance
Insurance protects you and your belongings from the financial cost of something going wrong. It doesn’t stop the bad thing from happening, but when it does your insurance is there to offer you that peace of mind and protection so you don’t have to bear the full financial cost on your own.
When choosing your policy, there is a difference between ‘need to have’ and ‘want to have’. It’s important to know the difference between the two and understanding insurance and how it works is often the first step.
Types of insurance
There are many different types of insurance available to protect you, your loved ones, your home and your personal belongings. It is important to understand which type of insurance you need before making a decision.
To find out more, choose the type of insurance you are interested in:
Your Pension · Home Insurance · Motor Insurance · Life Insurance
Under-insurance takes place where you insure your property for less than it would cost to rebuild it or replace the contents. It can be very costly if you have to make a claim. Rising inflation increases the risk of under-insurance and we want you to understand how you can avoid this risk.
Under-insurance – a risk you can avoid
Is your bank leaving you?
Ulster Bank and KBC are leaving the Irish market. Are you a customer of one of these banks? Do you pay your insurance or pension policy by direct debit?
Change your bank details to ensure your insurance or pension policy continues uninterrupted.
