04 Jul The Pain Of Paying Premiums and What You Can Do About It
There is a special pain reserved for people who faithfully pay their insurance premiums but never get the chance to make any claim against it. This is the pain of incurring an expenditure which you have no assurance will bring any form of reward.
This pain is best compared to someone who puts a pile of cash out in the street, and hopes to find it when he comes back. Money paid to an insurance company, as the wahenga would have told you, is similar to money paid to a witchdoctor- It never comes back.
Premiums are Relentless
Premiums are relentless. When it is time to pay up, it is time. No delays, no questions asked, no stories. Each year, at a certain time, you need to take new policies whether it is for your car, your house or for your health.
At times, you can feel like your whole world is caving in because of the demands insurance premiums place on you. If you been insured, you are aware of the special pain the relentless demands of your insurance policies place on you.
Premiums are inevitable
Secondly, premiums are inevitable. The only way you will survive today without having to pay insurance premiums for something is if you have decided that you will not own a car, you will not travel, you will pay your hospital bills, and should anything ever happen to your house, you will pay for it yourself.
As a professional, you will also be saying that you will pay for any problems that may arise from your practice. Taking on this much risk boarders on madness because its way past stupidity. That makes premiums inevitable, yet still very painful to pay.
Related Post: How To Get The Best WIBA Insurance Quotes In Kenya?
What can do about the pain of paying insurance premiums?
Despite this pain, the sad thing is that there is very little you can do about it Without insurance, it is impossible to run your business, and you may never have the peace of mind regarding the safety of your assets, and the well-being of your loved ones.
Here are a few quick things you can do to lessen the pain of paying your insurance premiums
Buy enough insurance, never too much, never too little: Just like a fitting coat, a good insurance policy should fit you almost exactly. Paying for too much only ensures you spend more that you should and paying for too little leaves you exposed.
Related Post:How To Get Cheap Domestic Package Insurance Quotes?
Always compare prices and buy from the lowest:
This is another great way to lessen the pain of buying insurance premiums. Use our quote comparison tool at insureafrika to compare quotes from leading insurance companies in Kenya for every class of insurance
GET your cash back!
That’s right. For a limited time, you can actually claw back your premium payments by Kshs 2000 by buying insurance through insureafrika. For every expenditure of Kshs 30,000 on a single policy, you qualify for this rebate.