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Should you get Gap Cover Insurance?

 
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Should you get Gap Cover Insurance?

The experts will tell you that there are several policies that you should have to give you peace of mind. One of these is that of Gap Cover Insurance. If you haven’t already heard of it, you might have scrolled past it whilst looking up medical aid options. We know that you’ve got a host of monthly expenses already but this one is a worthy policy that can prove to be beneficial.

Should you get Gap Cover insurance? Whilst the short answer is yes, we’re explaining more in this article. If you think that you might need this policy, you should keep reading as we delve into the specifics.

For starters, this kind of cover helps you meet the costly shortfalls that stem from what your medical aid doesn’t pay when you have a stay in hospital. These can amount to some frightening figures so from a peace of mind aspect, it’s a great policy to have. Although you might have a good level of medical aid, some of the best options might not cover every expense. This can lead to unexpected costs that pile up quickly if you’re ever admitted to hospital. Gap Cover also offers certain out-of-hospital benefits.

What people also don’t realise though is that a gap policy can help cover more routine, but just as expensive procedures too. Should you suffer from serious conditions or if there is a hereditary pattern for certain health issues, this insurance makes perfect sense.

The best part is, there are several alternatives in terms of brands and offerings. Although this is great, it can make narrowing it down pretty tough. As trusted providers of a range of 7 different gap covers, why not let our brokers put together a host of insurance quotes to help you choose the perfect one? To see if it’s worth getting, you should sit down with your broker and chat about the particulars of your specific medical aid package. If there’s room for large shortfalls that could prove detrimental for your finances, then we suggest proceeding with gap insurance. If you’re worried about your budget and monthly expenses, our brokers can tailor a policy portfolio that covers all the bases at a price you are happy with.

As industry experts, we have a world of insights when it comes to gap insurance and we’ve been able to help many clients increase their cover and peace of mind. It is a sad thought that people only realise the importance of a product like this when they don’t have it and are left with financially crippling bills. This is why we suggest chatting to our brokers and getting a full financial needs analysis carried out. That way, you can lessen your risk and live well without worry. By meeting with a broker, you’ll get reassurance on your current portfolio, suggestions on how you can improve it and even a few tips on how to make the policies work together for maximum effect. You might even find that some of your premiums could be reduced.

As industry experts, we have a world of insights when it comes to gap insurance and we’ve been able to help many clients increase their cover and peace of mind. It is a sad thought that people only realise the importance of a product like this when they don’t have it and are left with financially crippling bills. This is why we suggest chatting to our brokers and getting a full financial needs analysis carried out. That way, you can lessen your risk and live well without worry. By meeting with a broker, you’ll get reassurance on your current portfolio, suggestions on how you can improve it and even a few tips on how to make the policies work together for maximum effect. You might even find that some of your premiums could be reduced.

With 2019 underway, there’s still time to make sure that it’s a stress-free and successful one. Thanks to a wealth of knowledge, the CIG Compendium Insurance Medical team can make impactful recommendations that truly add value. Our extensive product offering means that there’s a policy for every stage and area of your life. Whether it’s personal, business or assurance, we approach every client with a willingness to help. For more on what we offer and to find out how we can help you reach your insurance goals, please visit our website here. From our site, you can also request a call back from a broker.




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