Local General Insurance in Horsham VIC

Factors to consider when selecting a general insurance product

There are over 100 licensed insurance companies in Australia offering a variety of insurance products to suit one specific product category. Before shopping around for the best deal, consider these factors when selecting the right product for you.

• Understand your risk. For example: if you were running a small farm, have a think about how likely certain events that damage your produce are to occur before selecting farm insurance.
• Pay attention to the product disclosure statement. Whether it’s small business insurance or commercial motor insurance, companies are required by law to provide this document. It covers all the details, terms, exclusions and numbers of the policy. It’s for you to keep and refer to when needed.
• Consider your own requirements. Do you want to pay a high excess and a low premium or vice versa? Do you want a specific sum insured? What can you leave out? What do you absolutely need?
• Consider the brand and reputation of insurance companies and how they work with their customers. Try obtain some opinions of people who have made a claim and ask what their experience was.

Ready to get started on selecting the right general insurance product for you? Have a browse for fleet, personal or business car insurance quotes from our directory and get covered!