World Business and Finance

Who doesn’t love an ugly Christmas sweater? Whether yours is homemade, bought with intention, or found in the back of a closet, these sweaters are a great way to celebrate the holidays. But what happens if that ugly Christmas sweater is stolen or damaged? It all depends on how it’s insured.  

Insuring an Ugly Christmas Sweater Under Property Insurance 

Whether you own or rent a house, condo or apartment, your property insurance includes contents coverage. This covers your personal belongings up to a specified limit if they’re damaged by an insured peril such as fire or theft. If your policy covers you for all risks, make sure you review the exclusions. 

There can be a per item limit ($1,000 to $2,000) and an overall maximum limit for more valuable items. You determine the overall limit when you purchase your tenant’s, condo or home insurance with your broker.  

For example, if

NobleOak Life Limited (NobleOak) has continued its dominance as the most awarded direct life insurer by winning the inaugural Money Magazine Consumer Finance Awards Direct Life Insurance Cover of the Year 2022.

Anthony Brown, CEO of NobleOak, said, “This is the first time Money Magazine has awarded an insurer in the life insurance category. To be the first company to receive this distinction is very gratifying.”

Money Magazine partnered with Plan for Life, Actuaries & Researchers who are specialists in analysis of the Australian financial services industry, to complete the independent review of products offered direct in the market.

Plan for Life compared product offerings from direct life insurers based not only on their financial position but also market performance, product excellence and features, premium rates and customer service.

Mr Brown continued, “The combination of low premiums, outstanding personal service and range of product options was identified as being best

The NobleOak sales team has just been crowned the number 1 sales contact centre in Australia by GRIST Consulting. They are ranked number 1 out of 34 Australian contact centres across six different industries, including banking, energy and health and life insurance.

Anthony Brown, CEO of NobleOak, commented, “We are absolutely delighted to receive this prestigious title of being the best sales contact centre nationally. It validates our approach on how we engage with customers and our core value of always putting customers first in everything we do.”

Winning this award has been a journey for NobleOak. After placing 2^nd in 2020 (and with COVID-19 preventing the awards taking place in 2021) NobleOak increased the focus on the key behaviours that matter most to customers to take out this prestigious title.

Mr Brown continued, “What is most rewarding is that not only was our sales contact centre nominated as

Life insurance isn’t the cheapest thing in the world. However, cost is a key reason some people refrain from getting it despite how useful it can be.

What’s more, certain types of life insurance can seem even costlier than their actual value. That’s why it can be discouraging to think that you’re overpaying for a service that’s already considered expensive.

In NobleOak’s 2022 Whitepaper, research respondents confirmed that ‘not seeing the value in their policy’ was one of the main reasons they didn’t renew their cover. Another reason was that people didn’t know if they had the right type or amount of cover. Unfortunately, this is something that happens quite often. And it has to do with how well you’re able to compare available offers. Because without thoroughly analysing them, you’re more than likely to overpay for the kind of insurance you actually need.

Presumably, overpaying for life insurance