If your Indemnity or Practice Insurance is due for renewal soon, don’t panic. We’ve put together some top tips for what to do when it’s time to renew.
Keep the following three tips in mind when you are looking to renew your insurance:
- Don’t leave it until the last minute to renew
Your current insurance provider should send you a renewal quote approximately one month before your policy is due to end. This is the time to shop around, as policies can be cheaper when taken out at least a couple of month in advance.
If you are looking for a general insurance policy, then your first port of call may be to look on an online comparison site. These can be a good place to get an idea of what policies are available, but they are not always the most effective way to find the insurance policy best suited to you.
The policies offered on comparison sites are very generic, with limited ‘tick box’ options. You may end up paying for more cover than you actually need or find that a cheaper policy might not give you the cover you require.
2. Pay annually rather than monthly
Paying monthly for your insurance will help you to spread the cost, but you will pay much more over the course of the year. Monthly payment plans effectively involve taking out a loan with the insurance provider, and interest rates can be high. If you can pay for your policy in full at the time you take it out, it is worth doing so.
3. Find the right insurance provider
The best insurance policy isn’t always the cheapest. Before deciding on an insurance provider, you should ensure they are offering a comprehensive enough policy that provides not only excellent coverage, but also that they will be easily contactable in the event you need to make a claim.
Insurance providers won’t always offer you every available type of cover if you go directly to them, and comparison sites can be limited in the range of policies listed due to the basic information they ask for. Insurance Brokers can talk you through the different types of cover available from various insurance providers, and help you to decide what cover best suits your needs.
If you do need to make a claim, an Insurance Broker will do as much as possible to assist you, easing some of the hassle and worry that comes with this inconvenience. This is a service you won’t get with online comparison sites.
At All Med Pro, we strive to build partnerships with our clients who we often work with throughout their careers. Our pledge is to provide Diligent, Impartial and Transparent advice. If you chose a different insurance broker this year, were you happy with your service?
Here are just a few comments from some of our satisfied customers.
The support and advice I received from AMP and adviser Brian Westbury was very prompt and appropriate. I find it very refreshing to be able to have direct contact with a dentolegal adviser via his mobile number in contrast to having to leave messages with receptionists and wait a few days for the adviser to get in touch as is my previous experience with the MPS.
Dental Indemnity Client
I have dealt with Adam at All Med Pro for many years and have always received excellent service from him.
Professional Indemnity insurance customer
Very professional, prompt and staff are always there to help. All Med Pro have simply raised professional indemnity to an enviable standard. Will recommend them to all of my Medical/Dental colleagues.
Professional Indemnity insurance customer
If you renewed your Dental Indemnity insurance with All Med Pro this year and were happy with your service, please give us a review on Google so we can continue to spread the word about our comprehensive policies, competitive premium and excellent service.
If you weren’t entirely happy with the policy or service with us, please also let us know – contact us by phone 0203 757 6950 or online so we can fix it!
Do you know what insurance renewals you have coming up?
It’s always best to partner with a trusted broker that is reputable, has excellent feedback from existing customers and wants to help you to secure the best policy for you, at the lowest premium available.
Check out more review on Ekomi and contact us to speak to one of our specialist team for a quote.