News_Cutting_Corners.jpg

Beware Of Cutting The Wrong Costs


With the increasing cost of living and the festive spending ahead of us, you may find yourself with more month at the end of your money. Often, we make the mistake of cutting corners where we shouldn’t to cover other areas we think are more important at the time.

Not paying your insurance premium can have an adverse effect on your family during this festive season.  Festive periods, in general are higher risk periods as there are more people on the road and more households left unattended.  Before you start cutting the wrong costs, consider these points:

  • Neglecting to pay your insurance premium regularly could leave you without cover and negatively affect your insurance history.  Remember that, even if you apply for insurance with another provider, your history will be considered, and  even one missed month may have an impact.
  • Missing your premium payment means you may not be covered for accidents, scrapes or incidents occurring during that time. The last thing you want this festive season (or any other high-risk period with the high accident risks) is to find yourself in a tricky situation without cover.

Cutting costs to manage your current financial situation may be a good idea but cutting costs in the wrong areas could have a longer lasting impact than you budgeted for.


Related Articles


Chat to MiWay on WhatsApp

Did you know, you can communicate with MiWay on WhatsApp?

Why it’s important to think twice before skipping your monthly insurance premium

Over and above the more obvious drawbacks of financial shortfalls, missed debit orders can have far-reaching ramifications.

Don’t let an emergency ruin your holiday joy

With all the traveling and festivities during the Easter season, the last thing you need is an emergency to ruin your holiday and make a dent in your finances.