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BSB 806 015

Is the pandemic affecting your insurance?

Man assessing his insurance

The COVID-19 pandemic has shaken up the way we live and work. Has it affected your insurance coverage needs too?

The global pandemic has changed the way we work, live and play – there’s no question about it. But many people are still left scratching their heads, wondering what is and isn’t covered under these new circumstances.

To help you navigate a COVID-19 world, here’s a look at how the pandemic could affect your insurance and what you could do to ensure your coverage is adequate.

Is your cover up to date?

Change is inevitable, but the trick might just be to adapt and pivot – and the same goes for your insurance policy. When was the last time you assessed and updated your cover? If it’s a struggle for you to remember, then it’s probably a good time to act. In fact, fewer than 1 in 5 people are adequately covered for their home and contents.

So, first things first. Check to see if your insurance policy adequately meets your needs. It could be a lot has changed since it was first purchased. Perhaps you bought pricy items to set up a home office for working-from-home, or a new car to travel interstate now that planes are out of the question, whatever your situation may be, estimate the costs of all your items (check out this handy calculator) to help make sure it matches your total sum insured. If it doesn’t, consider contacting your insurer to check your policy.

Not all insurance policies are the same. If you’re insured with us the good news is that your Home Insurance policy content cover will automatically cover new items up to $2,500.

If you’re not driving to work, should your car insurance change?

With people across the country working from home, or in a hybrid office-home situation, countless car owners are driving less. If you aren’t reaching for the car keys as often as you once did, you may be wondering if you should make any changes to your car insurance policy.

At the end of the day, your car insurance is to protect you from the unexpected. After all, accidents are unpredictable and don’t always involve others, so the risks are still there. Besides, leaving your car parked on the street for longer periods, for example, leaves it vulnerable to considerably more risks.

So whether you’re just looking for basic cover or you want to help give your pride and joy the protection it deserves, we have a range of Car Insurance options for you.

Now that you’re aware of how the pandemic might affect your insurance, you can be confident in making sure you have adequate cover for your needs.

 

Police & Nurses Limited ABN 69 087 651 876 AFSL/Australian Credit Licence 240701 acts under its own AFSL and under an agreement with the insurer Insurance Australia Limited ABN 11 000 016 722 trading as CGU Insurance. Any advice given is general only and does not take into account your personal objectives, financial situation or needs. Consider the relevant Product Disclosure Statement (PDS) to see if the product is right for you.

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