Finding the best insurance, whatever its nature, is a task that requires dedication and, above all, attention. Nowadays, there is a huge variety of products on the market, but not all of them correspond to what you really need.
Regardless of the type of insurance you are looking for, it is important that you understand, on the one hand, what your needs are, and on the other, the characteristics of the products, in order to make a wise and considered choice.
Therefore, we have put together some tips to help you choose the best insurance for your family at a fair price.
1. Assess your needs to find the best insurance
The best insurance for you is the one that meets your needs. So, identify specifically what you need. Here are some questions to think about:
- For car insurance: What use will you give the car (daily or sporadic)? What is the value of your vehicle? What are the risks associated with the route you usually take?
- If you are looking for health insurance: How often do you go to the doctor or does your family need medical care? Do you have a doctor you visit regularly? Do you wear glasses and want coverage for this purpose?
- In multi-risk insurancefor the home: What are the characteristics of the property? Is it in a seismic risk area? Do you want to include the house stuffing?
Once you have identified your needs, you will understand the type of protection you want and which coverage is best suited. This way, you won’t be tempted to take out (and pay for) coverage you don’t need.
2. Carry out simulations and compare different products
Now that you know what you’re looking for, simulate the coverage you’ve defined as essential and compare the different insurance policies on the market.
When analyzing the different simulations pay attention:
- To coverage (the occurrences or losses that the insurance includes);
- Deductibles (the amount you are responsible for if you participate in an incident);
- The premium (the amount you will pay for the insurance);
- The waiting period (the time you have to wait before you are entitled to use the insurance).
The value of the premium depends on the type of risk insured and is defined by the insurer. Therefore, keep in mind that the final value of the insurance can be influenced by several factors. Such as: the age of the holders or the assets insured, the place where they live, their health history, accidents, etc.
To be able to effectively compare different proposals, place identical coverage in all simulations and pay special attention to exclusions and deductibles.
Finally, make sure that the prizes meet your financial availability.
3. Negotiate the best insurance
After comparing the values and coverage of policies available on the market and having clarified all your doubts, you will be in a position to negotiate.
Whether it is new insurance or a renewal, having an idea of what the market offers gives you an advantage when negotiating conditions and values for your policy.
Some ways to get a discount on the prize are:
✓ Choose to pay in full instead of in installments;
✓ Include other insurance for your second car;
✓ Subscribe to available housing or health insurance.
This way, you will have a greater chance of obtaining better conditions for your insurance while saving money.
4. Pay attention to refund, exclusion, and grace period policies
All insurance contracts include clauses referring to exclusions, refunds and waiting periods. This information is expressed in the general conditions of the policy present in the contract. These aspects are particularly important, as:
- The exclusions define everything that the insurance does not cover;
- Refundsconsist of the amount returned after reporting an incident or expense;
- The grace periodis the period between the beginning of the insurance contract and the date on which you can begin to take advantage of certain coverage.
Therefore, pay attention to details when looking for the best insurance for you, your family or property.
5. Ask for expert help
With more than 10 years of experience in insurance mediation, DECISÕES E SOLUÇÕES works with a large number of insurance companies in Portugal and mediates insurance such as: life, health, automobile, personal accidents, multi-risk housing, work accidents and others.
DECISÕES E SOLUÇÕES has a team of experts that can help you throughout this process, ensuring that yousave time and money. The objective is to help you purchase the best insurance for you, according to your real needs.
Visit our website for more detailed information and contact us for assistance custom. We will help you find the best insurance for you and your family!
Decisões e Soluções – Credit Intermediaries, Lda, registered with the Bank of Portugal, as a Linked Credit Intermediary, under no. 926, verifiable at www.bportugal.pt/intermediarios -credito is a mediator registered with the ASF, since 29 September 2009, with the category of Insurance Agent, under no. 409311648/3, with authorization for Life and Non-Life, verifiable at www.asf.com.pt. The insurance intermediary does not assume risk coverage. Decisions and Solutions – Mediação Imobiliária, Lda, holder of AMI License No. 9300 issued by IMPIC, I.P.
