Two Important Facts about Your Insurance Payments During COVID-19

Maintaining your insurance is critical to keep protecting your assets and reduce your risk of facing financial losses.

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