Check your Insurance

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 an insurance policy  that is not needed, it can be canceled.

Two insurances worth checking  are: life insurance and mortgage policies.

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 checking the policy and see if the insurance rate 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 to your insurance needs 

If you would like us to review the data for you and update you  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. If you are interested in having this review done for you, please contact us.