Insurance Heath Check: Are You Ready If Things Go Wrong?


With the start of a new financial year, now is an ideal time to make sure that you have the right level of insurance. 


General insurance helps us protect the important things – it could be your car, home, or precious possessions. From theft to accidental damage, it gives you financial stability to keep you from using up savings or going into debt when things go wrong.


Protecting what's important


When you take out an insurance policy, you need to consider what’s important to you, and how much you’re willing to pay if something bad should happen to cause damage.


Your insurance policy will outline everything you’re covered for, and what situations are excluded. Always carefully read the conditions of your insurance to make sure you’re adequately covered.


Life changes quickly, so it’s important you review these conditions regularly and update your policy as required. You should conduct a regular inventory of your home and contents and adjust your cover accordingly. Otherwise, you may find yourself under-insured when it comes time to claim.


If you need help or assistance in working out which insurance is right for you, find out more online or call Gateway on 1300 302 474 (Monday – Friday, 8am – 6pm AEST).


How much cover is enough?


The level of cover you need depends on what you’re insuring. Here are some important questions to help you understand how much cover you need:


  • If your home was destroyed, how much would it cost to totally rebuild the house in the same likeness? (don’t forget the cost of demolition, excavation, and materials)

  • If your car was stolen or badly damaged in an accident, could you afford to get a replacement?

  • If you accidentally damaged someone’s property or vehicle, would you be able to pay for the damage or loss?


Need a quote?


To obtain an insurance quote you can: apply online, call Gateway on 1300 302 474 (Monday – Friday, 8am – 6pm AEST), or contact us online. You’ll also receive an additional 10% discount off your premium if you sign up online. Don’t forget to have your current insurance policy handy so you can compare.