Insurers never pay, right? Wrong!

Insurers are nasty and will do their absolute best to deny a claim so what’s the point of having insurance – right? Wrong!

During the last financial year 98% of all Australian personal insurance claims were paid. And of the 2% that were initially rejected a further third were later paid as a result of internal review at the insurer. This data shows that the “insurance industry is very much in the business of paying claims”, according to the Insurance Ombudsmen Service.

Maybe it is time to reassess your beliefs about insurance and consider it a valuable tool in creating a safety net under your lifestyle.

Author: Matt Hern

Certified Financial Planner professional, Matt Hern has three times been awarded as one of Australia's Top 50 Financial Planners by The Australian Financial Review Smart Investor. He is passionate about guiding you on the right financial choices to achieve what you really want. Matt Hern is an Authorised Representative of Charter Financial Planning Limited AFSL 234665. All information is general advice only.