We ve all heard a million scare stories about the excited and much-anticipated holiday which quickly turned to disaster.

Transcription

1 Do you really need Travel Insurance? The short answer is YES! Planning on a trip this Easter? Or maybe during the April school holidays? We ve all heard a million scare stories about the excited and much-anticipated holiday which quickly turned to disaster. Everything from lost mobile phones and wallets to a bout of gastro, to more serious illness or injury. Yet so many of us overlook the idea of taking out travel insurance before we go. Maybe we think it s too expensive? Too hard? Or maybe we think it won t happen to us!. Think of it like this. A family travelling to Bali for 10 days could access a good quality Travel Insurance Policy for around $113. At that price, why wouldn t you? It s a tiny investment for peace of mind. You can check out the range of benefits here. Cover yourself for an emergency trip to the dentist, travel delays, lost luggage or even the excess on a hire car. For a quick online quote, go to the link below and enter your destination, travel dates and type of cover. It s that easy. Or MGIB can do it all for you. Just give us a call on and we ll sort it all out for you.

2 Have you considered Professional Indemnity Insurance? It s different to public liability insurance Many business owners we see are confused over the difference between Public Liability Insurance and Professional Indemnity Insurance or PI cover. We d like to clear up that confusion. If your business provides professional advice or design services, you would very likely benefit from having both these types of insurances in place. But rather than try to explain the detail to you here, just sit back and watch this clip Then if you would like to review your insurances based on this information, just call us on to make an appointment.

3 A day at the races Almost 250 friends of MGIB attended our annual MGIB Race Day event early in February at the Bunbury Turf Club. It was a great opportunity to catch up in an informal setting as well as give thanks to many of the people who help make our business a success.

4 Fire Safety Tips for the home In our last newsletter we talked about the seasonal threat of bushfires. But what about house fires? They pose a risk all year round but the danger is often overlooked and we become complacent. Here are some simple reminders to improve fire safety around your home: Never leave your cooking unattended. Always keep your stove company. Keep your stove and counter surfaces free of clutter, grease, and especially flammable objects like bug spray or air freshener. Set a timer to remind you to switch off a burner or the oven to avoid the risk of distraction. In the laundry, ensure your dryer duct is vented outside Clean lint from the filters regularly Don t leave candles unattended Have your chimney cleaned Check your smoke detectors are working. The batteries might need replacing.

5 The perils of buying insurance online Consider this Have you ever been tempted by the plethora of television ads promoting cheap online insurance? Usually they spruik about being easy, quick, requiring no health checks and acceptance over the phone. Sound familiar? Our industry calls them direct to market products. The truth is, that cheap do-it-yourself cover could come at an enormous cost to you and your family. Consider this: After the 2011 Queensland floods, 25,000 Australians lodged a complaint about their insurer to the Financial Services Ombudsman. They settle disputes over claims between clients and insurers. Of those 25,000 disputes, only 6 involved a broker. The other 24,994 involved you guessed it cheap do-it-yourself insurance products. The reason? Those people who purchased a direct to market product, didn t understand what they were buying. Navigating a Product Disclosure Statement (that tells you what you re covered for) on your own can be a minefield. Imagine shelling out for your premium on time, every year for 15 years, only to discover when it came time to claim, that your policy doesn t cover what you thought it did. And now in your time of need that policy you ve been paying for all these years is now worthless to you? If you know someone who is looking at buying insurance over the net, give them this caution: Make sure you understand what you re buying!.

6 The best online Life Insurance we ve found Think you don t have the time? Think again So we ve talked about the level of caution you should exercise when considering a do-it-yourself type insurance policy. But in our opinion, when it comes to Life Insurance, some cover is ALWAYS better than no cover. If that s you, our Online Life Insurance product provided by Zurich could be for you. You can get a quote in minutes, it provides a basic form of cover and it s very affordable. These days, most people understand the importance of life insurance. Particularly families who take the time to consider what impact serious injury, illness or even death of a parent could have on their children. Unfortunately that understanding doesn t always translate to actually putting the right safety nets in place. Mostly because we re too busy, think we can t afford it, or we adopt a she ll be right mate, kind of attitude. Zurich s ezicover insurance is available via a very easy to use website. You can organise you own cover in minutes. And other reasons we like it for our DIY clients are: there s a 30 day cooling off period It offers cover 24 hours a day, 7 days a week, worldwide It provides a lump sum benefit. But if you are really not sure what you need or have questions about policy detail, we recommend seeing one of our experienced advisors. Phone MGIB now on