Insurance Myths That Could Cost You
Insurance is one of those things many of us know we should have, but don’t always fully understand or put high on the priority list. And with so much information (and misinformation) out there, it’s easy to believe myths that can leave you under-protected when life takes an unexpected turn.
Let’s bust some of the most common insurance myths that could cost you - and set the record straight.
❌ Myth 1: “I’m young and healthy, I don’t need insurance.”
👉 Reality: Life can change in an instant. Accidents, illnesses, and unexpected events don’t wait until we’re “older.” In fact, getting cover when you’re young and healthy can often mean lower premiums and fewer exclusions.
Having the right protection in place early gives you security - and peace of mind - for the years ahead.
As we mention quite often, reviewing your insurance is crucial to make sure your cover is always relevant. Some covers, such as Medical Cover is good to get early and stick with as long as possible to ensure that if anything does come up, you can get help as soon as you need it.
❌ Myth 2: “I’ve got insurance through work, so I’m covered.”
👉 Reality: Employer-provided insurance can be a great benefit, but it may not be enough to fully protect you or your family. Often, workplace cover has lower benefit amounts or ends when you leave that job.
It’s important to understand exactly what you’re covered for - and whether it’s enough to meet your needs. If it isn’t enough for your needs, we can put a plan together than works with your existing workplace cover and give you that extra top up as required.
❌ Myth 3: “Insurance is too expensive.”
👉 Reality: The cost of insurance is often less than people think, and there are flexible options to suit different budgets. Plus, the real question isn’t “What does insurance cost?” - it’s “What would it cost me if I didn’t have it?”
A tailored plan means you can protect what matters most without overpaying.
❌ Myth 4: “I can sort insurance later - I’m fine for now.”
👉 Reality: Waiting can cost you. If your health changes or you develop a medical condition, your options may become more limited or expensive. Securing cover now means you’re protected before anything happens - not after.
❌ Myth 5: “If I have insurance, I don’t need to review it.”
👉 Reality: Life doesn’t stand still. Buying a home, having children, changing jobs, or starting a business can all change what kind of protection you need.
Regularly reviewing your cover ensures it still matches your life today, not the life you had years ago.
🌱 The truth is simple:
Insurance isn’t about fear - it’s about security. It’s about protecting your lifestyle, your loved ones, and your financial future if something unexpected happens. And when you have the right advice, it doesn’t need to be complicated or costly.
🤝 Talk to Us Today!
At New Vision, we make insurance simple, clear, and personal. We’ll help you cut through the jargon, sort fact from fiction, and build a plan that gives you confidence and peace of mind. Insurance is not a “one size fits all” product, we tailor each plan to our clients priorities, needs and budget to make sure it’s a plan they can keep in place for the long term.
📅 Book your complimentary insurance review today and make sure myths don’t leave you exposed.
👉 Contact New Vision to get started.
Glen Hatcher
Financial Adviser
New Vision Financial Services
Plan your future and let us help you have peace of mind along the way.