Protecting It

Contents Insurance Tips

PLANNING TO BE AWAY? Many policies deny cover if you don’t “maintain your home in good repair and condition” or if you leave your home unoccupied for 60 consecutive days and don’t keep it “in a lived-in state” by: • keeping the lawns mowed and garden tidy • stopping regular mail and newspaper deliveries, and • organising someone to check inside and outside your home at least once a week.

Watch out for the latest scam

THINK THEY MIGHT BE TRYING TO SCAM YOU? If you receive a phone message that claims to be from the ATO threatening legal action, ignore it. If you are unsure, phone the ATO on 13 28 69 to check. If you receive an unsolicited email claiming to be from the ATO, forward the entire email to

Who needs life insurance?

TYPES OF LIFE COVER Life Cover - pays nominated beneficiaries a fixed amount of money if you die. Total and Permanent Disability (TPD) Cover - covers the costs of rehabilitation, debt repayments and the future cost of living if you are totally and permanently disabled. Trauma Cover - provides cover if you are suffer a major illnesses or injuries that will make a significant impact on a your life, (e.g. cancer or a stroke). Income Protection Cover- replaces the income lost through your inability to work due to injury or sickness.

Getting good advice

BAD APPLES AND GOOD NEWS Recent high profile cases underline the dangers of choosing the wrong financial adviser. The good news is that new laws* mean advisers…
  • are now far more qualified
  • must offer advice in your best interests
  • can’t be paid a commission by product providers
…and it isn’t hard to choose a good one… * this doesn’t apply to advice given before 1 July 2013 so if you have implemented older advice, think about reviewing your plans.