Two Important Facts about Your Insurance Payments During COVID-19

  • POSTED BY: Rothbury |     CATEGORY:

  • PUBLISHED: May 04 , 2020

Maintaining your insurance is critical to keep protecting your assets and reduce your risk of facing financial losses.  Right now, risks still remain and there may even be an elevated risk of burglary, theft and fire. And on the home front, with most of us at home, the risk of damage to your property also increases – don’t forget half of all fires start in the kitchen. 

We know that cash flow has never been more important to households and businesses. Alert Level 4 has hit Kiwi’s hard and insurance payments can add additional financial pressure and potentially erode much needed working capital for your business.

Here are 2 important facts to be aware of about insurance payments during COVID-19.

1. Paying for insurance means you stay protected

Paying for your insurance on time is an important obligation of your insurance contract and means your insurance cover remains in place.

It is really important to talk to your broker if you can’t pay your invoice on time. Your broker is your advocate and will provide tailored advice including the steps you can take in this situation. 

Remember, our Brokers are available to review your insurances at any time, to ensure you have cover in place and meet your needs today.  

2. Instalment Payments improve your cash flow

Your Rothbury Insurance Broker can offer you flexible payment options through Rothbury Instalment Services.  

Whether you’re a new client, or an existing client renewing your insurance cover, paying by instalment is a quick and simple payment solution. It removes the need to pay your insurance invoice in full upfront and it immediately improves your cash flow.

How does it work?

Rothbury Instalment Services pay your insurance invoice, on your behalf, to the insurance company and you repay over the period of your insurance in weekly, fortnightly, monthly, or quarterly instalments. An application fee and interest applies.

Paying by instalment is a popular payment solution used by over one third of our clients.

Find out more


Rothbury

About the Author

Name: Rothbury        

Like many of our business insurance clients we're a majority NZ owned company that was started by enterprising Kiwis in 1950. Today, New Zealand is a different place to when we first started. As a consequence, the way…
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Like many of our business insurance clients we're a majority NZ owned company that was started by enterprising Kiwis in 1950. Today, New Zealand is a different place to when we first started. As a consequence, the way we respond to your business and personal protection needs has evolved and matured.

While our core business is still related to creating the best insurance solutions for you, our motivation and passion now lie in being unconditional advocates for our diverse range of clients. In other words people like you.

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Disclaimer: The articles published on this blog are designed to provide general information and do not take into account any individual’s particular circumstances. We recommend that you obtain professional advice on your requirements before making any decision about a financial product.

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