When it comes to finding the right cover for you, there are many options, terms and small print details to wade through. And, with an often overwhelming process, it’s easy to overlook some information and, unfortunately, make choices that might not serve your best interests. 

That’s exactly where our advisors come in at MOORE Health & Protection Ltd – helping you to make informed and confident decisions. But, before you get in touch, keep scrolling to discover the mistakes to avoid so you can get off to a good start…

Focusing solely on price

While budget and affordability are key, the cheapest policy isn’t always best. Low premiums often mean minimal coverage or even higher costs when you need to make a claim. Instead, you should evaluate the value of the cover to determine what you’re really getting for your money. 

Be sure to compare plans on cost and coverage. And remember a slightly more expensive premium could save you thousands in the future. 

Our founder, Tony Moore, says “Finding the right balance between cover and premium is key and a big part of our role is helping our clients to understand this crucial area”.

Not understanding what’s covered 

All too often I speak to people who discover (too late!) that their policy doesn’t cover a critical need. This is why it’s important to read the fine print. While every policy is different, typically you’ll find information on exclusions, pre-existing conditions and mental health services. 

If needed, ask your advisor to go through all inclusions and exclusions before signing. At MOORE Health & Protection Ltd, this is something we take pride in doing. 

Delaying decisions 

Most people start thinking about insurance when they fall ill, change jobs or face a major life event. But unfortunately, this is too late. Why? Because insurance is generally cheaper and easier to find when you’re healthy. The best time to take out insurance is when you don’t need it. So, don’t put it off any longer. We promise your future self will thank you for it. 

Overlooking income protection

Health or life insurance might be top of your list, but income protection should never be underestimated. After all, what would happen if an illness or accident stopped you from working for months or even years? 

With this in mind, it’s crucial to think about how long you could realistically manage without your current income. Then, search for policies that offer suitable coverage and waiting periods. 

Going it alone

The insurance world can be complex and packed full of jargon, which makes trying to find a policy without an expert by your side difficult and costly. At MOORE Health & Protection Ltd, we don’t just help you to find a plan, but we’ll tailor it to your unique needs and lifestyle as well as your current health status and financial goals. This means you can navigate all options with confidence and clarity. 

Get peace of mind with your policy 

By choosing us to help you protect what matters the most, you’ll not only avoid the above mistakes, but you can rest easy knowing every box is being ticked. Over the past 20 years, we’re proud to have built up a reputation in the industry as an efficient and trustworthy independent local intermediary with Chartered Insurance Industry accreditation – and there’s no fee payable when you get in touch. 

So, whether you want to discuss a new policy or perhaps want to see if I can get your existing policy for a better deal, why not get in touch today? I guarantee you won’t regret it. 

MOORE Health & Protection Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales no. 15020771. Registered Address: 17 Eyam Road, Hazel Grove, Stockport SK7 6HP.