Episode 27 : Finance This, Property That - Protecting Assets with George from We Cover You

Finance This, Property That

Episode Title: The Importance of Tailored Insurance: A Deep Dive into Protecting Assets with George from We Cover You

In this episode of Finance This, Property That, host Dion Fernandes sits down with George Sian from We Cover You insurance brokers for an in-depth discussion about the complexities of insurance, particularly in the realm of small businesses, property investments, and niche sectors like rooming houses. They explore how customized insurance policies protect unique assets, uncover common misconceptions about insurance, and emphasize the importance of engaging a broker to navigate intricate coverage needs. With practical examples and actionable insights, this episode equips listeners with the knowledge to safeguard their investments and create financial resilience.

Episode Breakdown

Duration: 54 minutes

1. Introduction & Guest Reintroduction (0:00–5:30)
   • Dion welcomes George back to the podcast after nine months.
   • Recap of George's journey since launching We Cover You.
2. Starting and Growing a Business (5:31–10:45)
   • George reflects on lessons learned in the early days of launching a brokerage.
   • The importance of building strong client and referrer networks.
3. The Role of Insurance Brokers (10:46–20:15)
   • How brokers access diverse insurers and tailor policies to individual needs.
   • A comparison to mortgage brokers: finding the "best fit" for clients.
4. Rooming Houses & Niche Property Insurance (20:16–35:10)
   • Challenges of insuring rooming houses with multiple leases and shared spaces.
   • Importance of ensuring landlords and individual tenancies are covered.
5. Common Pitfalls in DIY Insurance (35:11–42:30)
   • Real-life examples of clients purchasing inadequate policies online.
   • How duty of disclosure impacts claim outcomes.
6. Broker Expertise: More Than Just Policies (42:31–49:00)
   • The added value brokers provide, including claims advocacy and proactive policy reviews.
   • A look at how brokers save time and money for clients with complex needs.
7. Closing Remarks & Next Steps (49:01–54:00)
   • Dion teases the next episode focused on commercial insurance.
   • George shares how to contact We Cover You for tailored insurance advice.

Key Takeaway:
Partnering with a knowledgeable insurance broker ensures tailored coverage that matches your unique needs, prevents costly oversights, and provides peace of mind in managing financial risks.

Call to Action:
If you’re a property owner or small business looking to secure the right insurance, contact George and the We Cover You team at www.wecoveryou.com.au. For finance advice, connect with Dion on Instagram @dionfinancespecialist or follow the podcast on your preferred streaming platform. Don’t forget to share this episode with someone who could benefit!