Advice matters
Four key Insurance ‘mistakes’ – and how we can help you avoid them

Inclusions, exclusions, wait times, excess… Understanding the details of your Insurance cover, and how those apply to your individual circumstances, is sometimes no easy feat. But the good news is, having a SHARE adviser in your corner can help you understand and make the most of your cover, from the moment you sign up through to claim time.

Here are some common Insurance pitfalls, and how we can help you steer clear of them.


It’s no secret that Insurance providers are fans of forms, so whenever you apply for cover, you’ll need to answer a lot of questions. Details about your lifestyle and medical history will then help the Insurer finetune your policy to your circumstances (including premium rates and policy conditions).

As tedious as it may seem, you must always provide complete, up-to-date information. You need to tell the Insurance provider anything that might affect your application, avoiding misstatements at all costs.

And remember, by law there’s no difference between intentional and unintentional non-disclosure. For example, you may have had a small medical issue in the past and think that it’s not relevant to your application – or forgotten about it altogether. But even if your intentions are good, failing to include this detail could result in a future claim being rejected or your policy being cancelled down the track.

Apply with us – that’s when the expertise of a SHARE Insurance adviser can be invaluable. We are great at asking the right questions and go the extra mile to make sure that your application is as thorough and accurate as possible.

Being over or under insured

Not having enough of the right cover means you could lose out when it comes to claiming. Having too much of it means paying more than necessary in premiums.

So when it comes to protecting your biggest assets (yourself, your family, your house, your income), it’s important to secure the right level of the right cover. Not too much, not too little – just right.

As you’ll know, there are many different types of Insurances to choose from, each responding to a particular set of needs. But what do you need? Our SHARE advisers can help you answer this essential question.

We take the time to talk about your circumstances, understand your goals, and explore the most likely scenarios with you. Plus, we encourage you to review your Insurance plan on a regular basis. This way, you can be confident that the policies you have in place are always aligned with your needs and budget.

Not understanding the small print

Do you know what your Insurance does or does not cover? Unexpected things can happen all the time, so it’s crucial to understand what your policy entails. However, you’ll be excused for thinking that taking time out to properly comprehend the Insurance jargon isn’t the most exciting task.

The reality is, without guidance it can be easy to overlook key details, especially when claim time comes and you have a lot else on your plate. Once again, our SHARE advisers know the ins and outs of your policies, and can answer all of your questions. Use us a soundboard: we are passionate about turning Insurance terminology into plain English.

Missing out on claims

In some circumstances, you may find out that you can claim against more than one of your policies, or that something that happened years ago was actually covered.

Our SHARE advisers are here to help you make sure that your Insurances pay out each and every time they need to. Whenever life throws a curveball in your direction, we can help you understand what you can claim on and work with you to speed up the process as much as possible, helping you take care of the paperwork in a timely manner.

In other words, we are here to make the claims process as smooth and stress-free as possible for you and your family.

Get in touch

At SHARE, we strive to nurture long-term relationships with all our clients. From quotes to claim time, we work with you to ensure your cover meets your needs and pays out when it says it will. Whether you’re exploring your Insurance options for the first time or would like to review your existing plans, please don’t hesitate to contact us. 

Disclaimer: Please note that the content provided in these articles is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current developments or address your specific situation. Before making any decisions based on the information provided in these articles, please use your discretion and seek independent advice from your SHARE Financial Adviser.