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Articles by Steve Munro - Guest Contributor.

The 7 Deadly Sins of Health Insurance & Life Insurance

AUTHOR: Steve Munro - Guest Contributor
Invited guest writer

POSTED: 19 August 2022

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If you are in business, have debt, or need to work to earn an income, you probably already know it’s a good idea to have risk nsurance (health, life, trauma, income protection etc.). What you possibly don’t know, is that you are likely entitled to claim for more things than you realise. But unless your broker points this out, most people will have no idea. And if you are tempted to think health insurance is an unnecessary expense because New Zealand has a public health system - think again. You can’t rely on the public system because wait times for many procedures are astronomical.

In this video, Steve Munro from Risk Direct Insurance explains what you should know – and you may be surprised at what you will discover:

How to make sure you have the right sort of cover
Benefits you might not know you have
Are you paying premiums for things already covered under other parts of your policy?
Common things people don’t realise they can claim for
Cost-cover balance – are you over or under insured?
Is your broker an ex car salesman or a superhero?
How to choose and work with a good broker
How to make claiming easier
Real life case studies

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Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact the author.

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This letter is to express my appreciation for the assistance and encouragement of both Anthony Lipscombe and particularly John Heaslip over the last financial year. The period since activating my trading trust has been one of considerable stress, as well as personal development, as I embarked on this as a relative business neophyte with virtually no awareness of the contemporary requirements of running a business, particularly the financial records aspect. During much of this period I have therefore felt considerable out of my depth. However I have been lucky enough to have had the benefit of the advice and support of John Heaslip in rationalizing what was a fairly chaotic set of records of the first year property trading. I am able to say that John in particular, has been unstinting in his attention to my needs and has done so in a manner which has never alluded to my extremely rudimentary grasp of managing a business, or even of being unable to set out a spread sheet properly. The result of the above guidance is that now, although my trading trust would still not be able to operate without the advice of GRA, I do least feel a sense of satisfaction that I have got to my present point without major disaster and that my property trust does now have some kind of firmer basis for any future activities - Name withheld by request

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