Whether you’ve been saving for the dream kitchen or adding an extra bedroom for a new addition to the family, home renovations can be a huge investment; but one thing you might not be prepared for is a change in the cost of your insurance.
So, you have decided to book a spontaneous adventure to Europe, because why not. Or maybe your office needs you to shoot down to the United States for a work meeting last minute. But how will these quick travel plans affect your travel insurance?
Risk profiles, or risk assessments, are what insurance companies use to calculate how much money they charge on your insurance premium. They are used in all types of insurance policies: life, travel, property and auto. What's yours?
While your chosen destination does play a part in the cost of your travel insurance, it may not be in the way you expect.