There are certain life events that make us take stock of where we are – and, perhaps due to the changes that they can bring, many of these events get us thinking about the merits of insurance. Here are some of the best times in your life to get cover.
Marriages and unions are one of the biggest life events – bringing together two people who want to spend the rest of their lives together. However, it's also a risky time in regards to your assets.
As you and your partner will combine households, cars and other property, your current insurance policy might not cover you any longer. For example, if you move into your partner's house, what cover do you have for your own household contents?
It's therefore best to create new insurance policies when you get married to ensure both you and your partner are covered as you start your lives together.
Birth of a child
Welcoming a baby to the world is always a special occasion. The little bundle of joy can bring a family together and may dramatically change how you live.
Having a family policy can cover everything from trips to the hospital and specialist treatments to emergency evacuation.
Of course, with a newborn baby, the most important thing is to keep them safe and healthy. You'll need to take them to the doctor for regular check-ups and be on the lookout for illnesses that require medical attention. In these circumstances, medical insurance is essential.
Having a family policy can cover everything from trips to the hospital and specialist treatments to emergency evacuation. The best thing about medical insurance from Trans Pacific Assurance is that when you enrol in a plan, your children are also covered – protecting any newborns as they grow.
Buying a new vehicle
Over the course of a lifetime, we're likely to have a number of vehicles. From buying your very first vehicle to purchasing a family car for when you have children, there are certainly times where you need to invest in a new vehicle.
Regardless of what stage of life you're at, buying a new car requires a new insurance policy to protect you and your family. This is because all cars are susceptible to a variety of risks including accidents, wear and tear, road rage and even natural disasters. While you're required to have insurance if you purchase through a financier, all new vehicles need the appropriate cover.
Buying your first home
With the large number of new residential developments across Papua New Guinea, it's likely that you'll move home at least once over the course of your life. This is certainly cause for celebration, but does come with its own risks and issues that you'll need to address. Each time that you move addresses, you'll need to get in contact with your insurance provider and get the paperwork sorted out.
Each time that you move addresses, you'll need to get in contact with your insurance provider
The right home insurance policy will cover a range of events from burglaries and fire to natural disasters.
When you start a business
It's always a big step when people decide to start their own business. As well as becoming self-employed, you're in control of who is employed and what the company does. For all the benefits of running a business, it does come with a number of risks that you'll need to address with business insurance.
A good example is if you run a construction business and tools are stolen. You need to continue operating as quickly as possible to avoid losing income. This is where business insurance can be helpful – providing the funds to purchase new equipment and get back on the job. Trans Pacific Assurance insurance will protect your business from the unexpected and ensure nothing stands in the way of growth.
When you join a sports team
For many people in Papua New Guinea, remaining active and fit through sport is an important part of their lives. Of course, whenever you enter a new activity, it can present a risk to your health and well-being.
Sports such as rugby league, rugby, football and netball may result in injuries that require medical attention or emergency evacuation. Regardless of how serious the injury is, you don't want to be turning down medical treatment because of the cost. The Trans Pacific Assurance team can tailor a medical insurance policy that fits your active lifestyle.
Life is packed with special moments and events. When these come around, make sure you have the protection to reflect your changing lifestyle. For more information about your insurance options, get in touch with our expert team today.