fbpx
Tradie Confidence Index Cover

Which benefit period is right for me?

In a perfect world everyone would have a benefit period which covers them through to retirement age, however this is not always possible. For some people it is simply a cost issue, and they would rather save some premium...

Read More
Tradie Confidence Index Cover

How long until I receive my benefits?

All insurers pay your benefits monthly in arrears. This mean that you must wait for one month after your waiting period before you receive any benefits. For example, if you have a standard policy with a 30 day waiting...

Read More
Tradie Confidence Index Cover

What is day 1 accident cover?

This cover is optional on most income protection policies, and means that in the event of an accident you will be back-paid to day 1 of your claim. Under a standard policy you do not receive any benefits for...

Read More
Tradie Confidence Index Cover

How much can I insure myself for?

The majority of insurance policies will allow you to cover up to 75% of your income. The income they will insure is commonly known as your “personal exertion” income, this means that it is income that has been earned...

Read More
Tradie Confidence Index Cover

How will the insurer determine my benefit?

Each insurer has slightly different rules in how they will determine your benefit in the event of a claim, but essentially you will be paid 75% of your pre-claim income, or your monthly sum insured, whichever is lower. A...

Read More
Tradie Confidence Index Cover

How will the insurer determine my benefit if I am newly self-employed?

Only a small number of insurers will offer income protection if you have been self-employed for less than 12 months, and thankfully we know who they are! Of those who will offer cover, generally they will use your average...

Read More
Tradie Confidence Index Cover

Can I pay my premiums monthly?

Yes! All policies we recommend can be paid monthly, however the premiums may be slightly higher in some cases.

Read More
Tradie Confidence Index Cover

Some brokers don’t charge extra to pay by the month, why do you?

In many cases this is an old trick. The broker simply charges a higher rate for all policies regardless of how you pay. So it seems that you’re not paying any extra for going monthly, but the truth is...

Read More
Tradie Confidence Index Cover

Is it okay if I don’t tell you everything in my insurance application?

It is vitally important that you tell us everything that could effect your insurance application. You may think that lying about having a few smokes during the week will give you a cheaper premium, but if you are caught...

Read More
Tradie Confidence Index Cover

Which insurers do you recommend?

Our network of insurance brokers and financial advisers will decide which insurance company best suits your needs, and Trade Risk has no influence at all over this decision nor do we push the network to use certain insurers. After...

Read More
Loading...