Insurance Tips
- Have you made a will?
- If chas vechalila something were to happen to you, as parents – have
you left clear written
instructions regarding your kids?
- Have you reviewed your life insurance recently? (Have your agent give
you a
full list of the amounts that you and your spouse carry.)
- Disability – sometimes this is needed even more than life insurance.
(i.e. you lose the ability to work for next 25 years – who fills
that financial gap?)– Make sure that your life insurance has a rider
including this, or for professionals, a separate policy.
- Are you a sachir ? Ask your employer’s insurance agent to give
you a break-
down of your Bituach Minhalim. Then ask your personal agent if you
are getting
the best deal.
- Supplementary Health Insurance – A child needs a complicated
eye-op which
can be done best in the U.S. or you need a hernia-op but prefer to
go to
someone who is not on your Kupa or chas vechalila, someone needs major surgery,
and
you want a second opinion – in all these cases, a private, supplementary
health
policy would be of great benefit. It is relatively inexpensive – check
it out.
- Car Insurance – make sure that your car is insured for all drivers
who use it
(i.e. young/new/temporary/visitors) - always let your agent know even
if someone takes it for a short spin in Efrat.
- Home Insurance – Do you have an assessor’s report for
your contents?
Have you looked into switching your building insurance (which comes
with
your mortgage) from the bank to a private insurance company?
