Protect yourself from insurance increases

While the world experienced a number of natural disasters in 2017, this year we have had our share as well.

For example, the arctic storms that recently swept up the country have caused widespread damage in Taranaki and Auckland.

Because our beautiful land is exposed to these elements, we also pay a premium for our house and contents insurance with premiums almost certainly to experience an increase this year.

Here are three ways you could protect your hip pocket

New Zealanders are a resilient bunch and while we can weather the storm, there are things you can do to try to reduce your house and contents insurance premiums this year.

Your local Mike Pero Adviser can give you guidance around:

• Your options: Premium increases will vary by insurer, so if you don't have a policy arranged by us, we may be able to connect you with a cheaper provider that offers similar protection.

• Switching to a yearly premium: Switching now to an annual payment could help you avoid the increases for 12 more months. Check if your current insurer offers this option.

• Adjusting your excess: Changes to your excess can help increase or lower your monthly premium. Increasing your excess might help you save money this year,.

Timing is everything when it comes to insurance premiums, so reach out to a Mike Pero Adviser today and get clear about your options.