For many people, there won't be an insurance response until people are admitted to hospital.
Which also means that people are compromised in their ability to access advice and claims as isolation restrictions will reduce physical access and communication options.
Being prepared and understanding what you may be entitled to, or making preparations for your partners and family to respond is useful.
Not because there is a high-risk of this personally, more that if it does happen you don't create additional distress for you and your loved ones.
There are a number of things you need to address before you get to the sick and hospital stage:
* Address what insurance cover you have, this isn't necessarily about new cover, though we can help with this if it is needed, more that knowing what you have will make for better decision making.
* Sort out your Power of Attorney, somewhat challenging now in lockdown as it needs lawyers and witnesses, at the same time something that needs discussion and a chat with your lawyer.
* Sort your Will out, we know some 30-40% of deaths in New Zealand don't have a Will in place. It is a simple document to do and we do have a facility for very simple Wills can be done. Anything slightly complex will need a lawyer.
More specifically on the response from insurance, we put together the attached article at the beginning of March to help our clients understand how their insurance is going to respond, this is still relevant.
The only addition to this is now we are in lockdown some insurers have come to the party with premium holiday options that protect cover while enabling it to be claimed if you are faced with a need to claim. The specifics need to be discussed with your adviser or insurer, and some are better than others.
We are open online and by phone, happy to chat to answer questions, help people understand what they have, and arrange additional cover if it is needed. (We do have some heavy restrictions on placing new cover that will respond to Covid-19)
Kia ora neighbours, Who isn't keen to put 107 days of Covid-19 Alert Level 3 and 4 behind us? But there are some important lessons to remember as we move on. Read the story below?
When it comes to choosing an executor for your will, it's vital that you choose someone who will protect your legacy. A person you trust to fulfil your final wishes set out in your will. Scott Errington, Principal Trustee at our Timaru Customer Centre had a chat with stuff.co.nz recently on the importance of an executor for your will.
Check out the article in the link below.
Calling all avid photographers! Our annual Summer Snap competition has kicked off.
We’ve teamed up with Canon for another year to give away six EOS Canon cameras, valued up to $2,699, to the most deserving amateur photographers.
Snap your summer between now and 31 January, choose one of our six categories and head online to stuff.co.nz/summersnap to enter!
Our categories are:
- Great Outdoors
- People and Communities
- Kiwi Summer
- Thrill and Adventure
- Urban Life
- Bach and Backyard
Show us what your neighbourhood (and beyond) has to offer and and you could be taking your next photos with your very own Canon EOS.