In life there is always a risk that things can go wrong. And if they do, you need money to meet your costs and avoid chaos in your finances. Insurance is about managing risk. By taking out an insurance policy, you are transferring financial risk to your insurer, for a fee or ‘premium’. Without insurance, you’re taking the risk of meeting those costs yourself.
You can get insurance for:
Car insurance, including special information for young drivers
Home and contents insurance, including storm, flood and fire cover
Life insurance, including life cover, disability cover and income protection
Mobile phone, tablet and laptop insurance
The ADF Financial Services Consumer Centre provides general advice and tips on insurance, making claims and more detailed information on each of the above insurance types.