What types of insurance do I need?

Louis: Rufus. I love you so much. I love you so much. I mean, yes, the studio handed you to me 5 minutes ago, but you are already the greatest thing that's ever happened to me. In my entire life. My entire life. I've already insured you for pet insurance. That's how much I love you. Oooh!

Liana: Louis, I'm so impressed. I love to hear you've got your insurance all lined up. You've really upskilled your financial wellbeing.

Louis: Thank you. I also just love how I can say insurance, And pooff- you just pop up out of nowhere like a genie.

Louis Voiceover: ANZ presents. What type of insurance do you need? It’s okay, I didn't know either.

Louis: Life update. As you can probably see now that I have a dependent, I'm thinking of literally insuring every single thing in my life.

Liana: Everything?

Louis: Yeah why not?

Liana: That's great. But let's think about your priorities. So you're really getting what you need. It's important you start with insuring your greatest asset, Lou, which is you.

Louis: Me? You're saying that I should insure myself? Yeah. Are we flirting?

Liana: Haha, No.

Louis: Oh.

Liana: What I'm saying is, when you're thinking about what to ensure start by ensuring the things that affect you and your ability to live comfortably, so your health, your living expenses, your income, even your home. I can't tell you the number of times I've seen people who could have really benefitted from having insurance, but they either didn't do their research or they didn't think it was necessary.

Louis: Speaking of, I just have this feeling, this premonition that Rufus and I are going to break approximately 75 windows. It's just our vibe.

Liana: 75? Have you got 75 windows in your home?

Louis: 76.

Liana: So home and contents insurance can protect you from theft or damage caused by natural disasters, even accidental damage. So if you do break that window... but even damage to TVs, game consoles, computers, anything at home.

Louis: So if I just like drop-kick one of Rufus' toys into the TV. Covered?

Liana: Yeah. I mean, I don't recommend you do that.

Louis: No.

Liana: But if you did do it and it was an accident, then yeah. Home and contents can cover you. Just make sure you look into the terms and conditions. But another one to consider is income protection. So if you are unable to work due to sickness or accident, income protection will come in and pay you a percentage of your salary for as long as you can't work. So that makes sure that you can keep looking after this little guy and meet your living expenses, pay your mortgage, pay any loans. He just ate my finger!

Louis: I love that!

Liana: It's a good idea to have a look and see if you have it already. You might have some cover through your super fund and it might be enough, but it might not be. So some options could be topping it up through your existing superannuation provider.

Louis: Yeah! Come on. He's just chilling. He's doing his thing. Okay.

Liana: You could potentially upgrade that insurance or you could look at insuring outside of your super fund with a private insurer. Just make sure you do your research so you know what you need and what you're getting yourself into.

Louis: I hear that automatic insurance wasn't enough for Kylie Minogue? A friend of a friend said that Kylie Minogue insured her butt for like 5 million bucks just for safekeeping.

Liana: Of course. If I had a butt like Kylie Minogue I’d probably insure it for that too.

Louis: Thank you stranger who returned my dog into my house. Thank you.

Liana: So I mean, concert pianists may insure their hands or a sportsperson might insure their legs because that's how they generate an income. But every person's different. I think it's just making sure you look into what's important for you doing the research and going from there.

Louis: Well, I'm going to insure literally everything to do with Rufus because he's the love of my life. And, maybe my butt. Five mil?

Liana: Maybe six?

Louis: Yeah. If you've learnt a thing or two in today's episode, subscribe to our channel and watch me as I upskill in my financial wellbeing journey, and check out the links in the description for more handy resources. Isn't he really, really hot? Like dog hot?

Liana: He’s really handsome.

Louis: Cover of Vogue?

Liana: Very handsome. Maybe?

Louis: Daddy loves you. Say it back. Say it back.

Liana: I think he likes me more.

Louis: Oh, yeah. Okay. That's fine. Haha.