Over the last few years the market has been flooded with various entities that offer you to do a checkup of your insurance. The background to this is the fact that the Ministry of Finance has created a mechanism that allows you to initially check what insurance policies you have, and how much you pay for them. In health insurance you can also see what are the main coverages included in it.
The information is accessible to anyone on the site known as the “Har Bituach” and can be accessed relatively easily. The problem is that the information is very general and preliminary, and without extensive knowledge and familiarity with the insurance market, there is not much value to the information that can be found on the site. Indeed, if there is insurance that is not needed, it can be discovered and canceled.
Two insurances we recommend checking out are: life insurance and your mortgage insurance.
Life insurance – Life insurance prices have dropped relative to previous years due to increase in life expectancy, so if you have life insurance started some years ago, it is worth doing the test and see if the insurance can be reduced.
Mortgage insurance – If you have taken out your insurance through the bank, the price paid is probably relatively high. In addition, usually the policy on building insurance is very basic, and leaves you exposed so you should convert it into a policy that gives a real answer if necessary.
If you would like us to review the data for you and update you on this test if we think it is possible to improve the coverage or costs of your insurance, we will be happy to do so at no cost. Here, at Segal Insurance & Finance, we will be happy to perform this test for you at no cost to you. If you are interested in having this test done for you, please contact us.