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No Nonsense insurance. Top 3 insurance myths vs reality

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There is a well-known myth that the Great Wall of China is the only manmade object you can see from space. This is not true.

Myths are things that many people believe which are simply not true.

Top 3 insurance myths vs reality

Myth 1: Insurance is complicated, you need an agent to explain everything.

Reality: You can easily buy only the insurance you need and save by going direct.

People use the internet to save time and money – so buying insurance direct and online makes perfect sense. You can get a car or travel insurance quote in less than a minute. You can have your policy agreed and ready in less time than it takes to get your favourite at the local kopitiam. It’s way cheaper, and you don’t have to sit for ages with ‘uncle’ insurance while he tries to sell you stuff you don’t need.

Myth 2: All insurance is a rip-off.

Reality: Some insurance is a rip off, especially when it comes with pushy sales tactics, or enticing freebies like rice cookers or plane tickets in exchange for eye wateringly expensive policies.

But not all insurance companies are the same. Don’t pay for a middleman, don’t pay for things you don’t need, don’t pay for a company’s expensive CBD office space. Car and travel insurance are simple, this should be reflected in the price you pay.

Myth 3: Buying insurance online is not as safe as buying from an agent or face-to-face. 

Reality: This is definitely not true. In many countries, insurance has been sold direct to customers online with great success.

Singapore is very well regulated and ahead of the curve when it comes to new technology. Budget Direct Insurance customers are safe, protected by cutting edge firewall technology, all respecting Monetary Authority of Singapore guidelines. Also, if you want to buy face-to-face you can pop into our friendly offices. You still save!

The best way to get ahead?

“The best defense is to be financially literate: do your homework, develop a framework for making such decisions, and be prepared to ask for help.” Personal Financial Planning, Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Wherever you go, whatever you do, remember it’s vital to have good car, motorcycle and travel cover. 
Check out Budget Direct Insurance for your best deal

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