Common Myths About Personal Insurance – Debunked
Let’s clear up some common misunderstandings that stop Kiwis from getting the cover they actually need.
❌ Myth 1: “ACC Will Cover Me for Everything”
Truth: ACC only covers accidental injuries — not illness, cancer, or mental health issues. That’s where trauma or income protection is essential.
❌ Myth 2: “I’m Young and Healthy – I Don’t Need Cover Yet”
Truth: You’ll likely get the best rates while you're young and well. Waiting until something goes wrong can make cover more expensive — or unavailable.
❌ Myth 3: “I Have Insurance Through Work – I’m All Set”
Truth: Employer policies are often limited and may disappear when you leave the job. Make sure your cover is portable and meets your personal needs.
❌ Myth 4: “Insurance Never Pays Out”
Truth: In NZ, reputable insurers pay over 90% of all claims. Working with a trusted adviser helps ensure your claim will be successful.
Sorting out insurance doesn’t have to be scary. We’re here to make it simple and tailored to you. Whether you're starting a family or simply want peace of mind, get in touch for a no-obligation chat.
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📩 support@legaseed.co.nz
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Legaseed NZ Ltd (FSP1005404) holds a licence issued by the Financial Markets Authority and provides financial advice in relation to financial & retirement planning, investments, KiwiSaver and personal risk insurance. Our disclosure information can be found on our website www.legaseed.co.nz, or is available on request and free of charge.
