Insurance

Last Updated on Thursday, 25 February 2010 11:44

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Owning a car or buying things like stereos, laptops, cameras etc is a big investment. For a lot of people it is important that these assets are protected from damage and/or theft and so it is always a good idea to look into insurance plans.

There are several types of insurance but for many young people, these are the main ones to think about:

Contents insurance

Car insurance

Terms

Make sure you shop around – and if you are unsure of terms in a policy, what is expected of you or if you simply just don’t know what exactly you are signing up for – just ask, anyone and everyone – its better to be fully informed before committing to a policy and avoid possible disappointments when you actually need to use your insurance.

Where to look:

The Bank – Most banks now offer insurance with their banking packages. National Bank, WestpacTrust and BNZ all offer contents insurance with their tertiary banking packages.

Insurance Companies – Take a trawl through the phone book and start dialing – there’s State, Tower, AMP, AMI, NZI etc… Make sure you tell them you are in a flat/hostel as some insurers don’t offer contents insurance to flatters.

For more information click here to go to the Insurance Council of New Zealand homepage