When it comes to financial planning, most folks think about saving for retirement, investing in stocks, or budgeting for that dream holiday. Those are all objectively good things to consider, but there’s 1 crucial element that often gets tossed aside like last week’s leftovers, and that’s insurance.
Yes, we admit that insurance isn’t the most exciting expense for everyone. But you’ve got to admit… There’s something pretty darn cool about knowing that you’re paying to make sure that when things go wrong, it’s not you who’s going to foot the bill to make it better.
In this sense, insurance forms a vital part of your financial strategy in that it is a proactive measure you can take in order to save your bacon when life throws you a curveball.
So, why should you care?
When you read the words, ‘financial planning,’ it’s easy to think that this isn’t something for you. It’s for those people who wear corporate gear and understand BitCoin. However, when you consider how insurance acts as your safety net, there to catch you when unexpected events, like accidents, illnesses, or natural disasters try to knock you off your feet, you can more fully embrace that financial planning is for everyone. Everyone who wants to look after their finances.
So, what should you do?
Right, so we’ve gone into why insurance plays a pivotal role in keeping your financial goals on track. Let’s say that you’re convinced and you take out a random policy at the cheapest price. Before you congratulate yourself, thinking that you’re 1 and done, we should point out that there’s a little more to it than that.
You see, without the appropriate level of cover, you could find yourself facing financial ruin faster than you can say ‘premium increase’.
So, imagine this…
You’ve spent years investing in your home, only to have it all wiped out by a sudden geyser malfunction that resulted in the mother of all household floods. If you have an up-to-date home contents and buildings insurance policy to step in like a superhero in a cape (or maybe just a really reliable friend), then you can rest easy knowing that all the repairs and replacements are covered. You’ve basically protected your wealth and ensured that you’re prepared for whatever life throws your way by taking the time to get the right policy and make sure it’s current and accurate.
This example is why you should make sure that your insurance is front and centre in your financial strategy.
So, how does it go wrong?
The sad alternative is, when you have taken out the wrong policy or simply not kept it up-to-date with your life. In this case, you would either not be insured at all or you’d be under-insured and not everything would be paid for from your policy. In both cases, you’d have to dip into your savings or take out a loan to replace things to their original standard.
There are few things worse than faithfully paying your insurance premiums, only for your claim to be rejected. It just stings, you know? And that’s not what we want for anyone insured with us.
That’s genuinely why we rewrote our policy docs in plain, South African English and filled them with examples to make sure everyone insured by the king knows what’s included, what’s not, where the limits are, and how to make sure that your claim is dealt with as quickly as possible.
The king has your back
Look, we get it. Financial planning seems like something that old people do, or corporate people, or someone who loves numbers. But actually, financial planning is for anyone who wants to look after their money so that they can live their best, most fulfilling lives.
Make financial planning a goal for your life, and start with chatting to us about your insurance needs. Remember, with King Price, you’re not just getting insurance. You’re getting peace of mind, premiums you can afford, and the best service.
Click here or WhatsApp us on 0860 50 50 50 for a commitment-free insurance quote.
Psst… This blog provides general info only, and doesn’t count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums are risk-profile-dependent, and T’s and C’s apply. Our most up-to-date KPPD (policy wording) can always be found here.
Our website T’s and C’s can be found here.
