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.
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 ReportEmailFraud@ato.gov.au.
TYPES OF LIFE COVERLife 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.
According to a recent survey, 772,000 Australians experienced identity theft in the last year, and lost an average of $4,000 each.
Last year the Attorney-General listed the black market prices for some key identity credentials…
- $80 for your Medicare card
- $350 for your driver’s licence
- up to $30,000 for your passport
CAN'T AFFORD IT?
If you can’t afford to increase your cover, consider changing your excess and using the money saved on the premium, to increase the sum insured.
You may also be able to get more cover for the same premium by shopping around.