5 Reason to Use Only Well Know Providers

//5 Reason to Use Only Well Know Providers

Funeral Cover Providers - Guy Sitting Down

Reason to Use Only Well Know Funeral Insurance Providers


Alright; so you are in the market for some funeral insurance. This means that you are going to need to start to filter through the tons of funeral insurance providers out there. Brilliant, right? Well; not quite so much. There are tons of companies out there. Finding the right one is easier said than done.

Luckily, we represent only the best funeral cover providers in South Africa. We have done our homework. Our staff spent a lot of time reading forums and consumer complaint sites. Eventually, we found that AVBOB, Metropolitan Life & Discovery all have great reputations.
On this page I want to take a little look at why you should only work with the most reputable of companies out there:

Reasons to Use A Reputable Funeral Insurance Provider

Marketing

1. Reputable insurance companies tend to market a lot. Marketing is expensive. In order to recoup the costs from their marketing they are going to need to have a lot of insurance policies under their belt. In order to get these insurance policies under their belt then they are going to need to offer some absolutely fantastic deals on the funeral insurance policies. This means that the most reputable insurance companies out there tend to offer the best value for money.

Client Base

2. The most well-known providers tend to have a lot of insurance policies under their belts. This means that risk management is a bit easier for them. As you may know; the majority of insurance companies out there will make their money through something known as ‘shared risk’ (this basically means that they look at the insurance policies that they take on, and then the likelihood of them making a payment, this will determine the overall premiums that they need to charge). The more insurance policies they have, the better the stats. The better the stats, the more accurate they can be with their premiums and the more likely they are to be fairly low.

Fair Cost

3. Insurance companies are very competitive with one another. This means that they charge prices that attract customers away from their competitors. This means that you can look forward to getting a cracking deal on your insurance premium, particularly if you are looking to switch insurance providers.

Claims Process

4. Insurance companies that are established tend to have far better claim processing in place. This means that your claim will be processed a lot faster. This ultimately means that you will end up getting your money a whole lot quicker!

Stability

5. Insurance companies that are established are less likely to go bankrupt. This means that you will never lose the money you put in. I have seen a number of people out there lose a ton of cash simply because they thought going with a smaller insurance company was a good idea. It isn’t. A small company is more likely to just disappear overnight…you will never be able to make a claim!

Conclusion

Remember; when you are in the market for an funeral insurance policy of any type then it is important that you always do your research into the various insurance providers out there. This way, not only will you end up dealing with a reputable company, but you can also be sure that you are getting the best possible deal with the highest amount of coverage. Read More

At funeral cover quotes, we make it easy for our clients. You don’t have to worry about the reputation of the provider. We have sold 1000’s of funeral insurance policies. Our clients are more than happy with their products.
To get a free quote, please complete our contact form. We will get in touch with you as soon as we can. We will give you a free quote. If you are satisfied with your free quote, we will arrange your funeral plan at no additional cost.

By |2019-01-15T09:04:57+00:00January 14th, 2015|News & Articles|0 Comments

About the Author:

Marketing Director & Co-Owner of InSHoor (PTY) Ltd.I specialize in marketing and business development & InSHoor™. I have been in the industry for about 4 years. We have offices in Johannesburg & Centurion. We offer various insurance products.

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