Insurance

Insurance is one of those things that you may spend your whole life paying, and never use (with luck). However in an attempt to overcome the highly intangible nature of this product, insurance agencies are offering additional benefits such as combined packages, discounts, freebies, discounts and vouchers.

In Australia the common insurance agencies range from the NRMA, the RACV and AAMI for motoring and travel, Suncorp for business insurance, Allianz for bulk packages and GIO and AAMI for home and contents.

Car insurance is the most common as it is compulsory for every driver to have third party cover which protects against claims made against you. There are higher levels of motor vehicle cover such as third party property, fire and theft and comprehensive. Each one covers more damage to your own car and each level incurs a higher cost.

When choosing an insurance plan of any type ensure you are aware of relevant excesses, market value and how to make a claim.