Cura Update - Welcome to 2025

Cura Team News

Welcome to the first Newsletter of 2025!

Our team enjoyed a lovely summer break (which is a distant memory now) and are back in the full swing of all things Cura! We have many exciting things happening at Cura this year and can't wait to announce them when the time is right.  Watch this space!

Cura Events

Cura turns 5 on the 1st of April and we are going to celebrate this milestone with lots of exciting giveaways and of course with cake.  Follow us on Facebook or Instagram to hear more closer to the time.

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Financial & Insurance News

The Most Common Insurance Mistakes and How to Avoid Them

Insurance is one of those things we often set and forget—until we need it. But by then, it’s too late to fix mistakes that could have a significant impact on you and your family. Avoiding these common pitfalls will ensure you’re properly protected when it matters most.

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Mistake #1: Choosing the Cheapest Policy Without Checking Coverage

⛔️ The Risk: Many people opt for the lowest-priced insurance policy, assuming all policies are the same. But cheaper premiums may mean limited coverage, higher excess fees, or exclusions that could leave you exposed when you need to claim.

✅ How to Avoid It: Always compare policies based on what they cover—not just the price. As your financial advisers, we ensure you understand your cover and are protecting what matters most to you. If you’re unsure of what you have in place, get in touch with us for a quick chat or a review.

Mistake #2: Assuming ACC Will Cover Everything

⛔️ The Risk: Many Kiwis believe that ACC will take care of any income loss. However, ACC only covers injuries—not illnesses. If you suffer from an illness such as cancer, ACC won’t step in to provide support.

✅ How to Avoid It: If your income is crucial for covering bills and household expenses, you may need to protect a portion of your income with insurance that covers both accidents and illnesses. We can help you explore your options.

Mistake #3: Under-insuring or Over-insuring Yourself

⛔️ The Risk: Some people under-insure to save on premiums, leaving their family vulnerable if something happens. Others over-insure, paying for more cover than they realistically need.

✅ How to Avoid It: Regularly review your benefits with us to ensure you have the right level of cover based on your income, debts, lifestyle, and dependents. We recommend a check-in every 1-2 years so we can stay updated on your circumstances.

Mistake #4: Not Disclosing Medical or Lifestyle Information

⛔️ The Risk: It can be tempting to leave out pre-existing medical conditions or risky hobbies (like skydiving or scuba diving). However, failing to disclose this information could lead to your claim being declined when you need support the most.

✅ How to Avoid It: Be upfront about your medical history and lifestyle. While some conditions may be excluded or increase your premium slightly, it’s better to know upfront rather than face issues at claim time. We can guide you through this process.

Mistake #5: Forgetting to Update Us as Life Changes

⛔️ The Risk: Life changes—like getting married (or divorced), having kids (or kids leaving home), taking on a mortgage (or downsizing), starting a business (or becoming employed)—can impact your insurance needs. If you don’t update your policy, you may be paying for benefits that are no longer suitable.
⛔️ The other important one is updating us when you have changes to your health. We don’t want you to miss out on any claim opportunities, so if something happens to you, please get in touch.

✅ How to Avoid It: Review your insurance every 1-2 years or after major life events. We can help ensure your policy continues to fit your needs.

Mistake #6: Not Consulting Us Before Making Changes

⛔️ The Risk: Many people make changes to their policies—like removing benefits, adding new ones, or even cancelling their cover—without consulting us. This is often done to save costs or because they think the cover is no longer necessary. However, this can lead to significant risks, such as losing valuable benefits that may be difficult or impossible to reinstate later, leaving you financially exposed when you need it most.

✅ How to Avoid It: Always reach out to us before making any changes to your policy. We are experts in understanding your cover and can guide you through options to reduce costs or adjust benefits while ensuring you remain protected. We also assist at claim time, making the process as smooth and stress-free as possible.

Insurance is about having the right cover, tailored to your needs, at a cost that works for your budget. If you’re unsure about your current policy or whether it still suits your life stage, we’re here to help.

Reach out for a quick chat or a policy review.

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Cura Wellness Tip

5 steps you can take to improve your mental health and wellbeing. Trying these things could help you feel more positive and able to get the most out of life.

1. Connect with other people

Good relationships are important for your mental wellbeing. They can:

• help you to build a sense of belonging and self-worth
• give you an opportunity to share positive experiences
• provide emotional support and allow you to support others

2. Be physically active

Being active is not only great for your physical health and fitness. Evidence also shows it can also improve your mental wellbeing by:

• raising your self-esteem
• helping you to set goals or challenges and achieve them
• causing chemical changes in your brain which can help to positively change your mood

3. Learn new skills

Research shows that learning new skills can also improve your mental wellbeing by:

• boosting self-confidence and raising self-esteem
• helping you to build a sense of purpose
• helping you to connect with others

Even if you feel like you do not have enough time, or you may not need to learn new things, there are lots of different ways to bring learning into your life.

4. Give to others

Research suggests that acts of giving and kindness can help improve your mental wellbeing by:

• creating positive feelings and a sense of reward
• giving you a feeling of purpose and self-worth
• helping you connect with other people

It could be small acts of kindness towards other people, or larger ones like volunteering in your local community.

5. Pay attention to the present moment (mindfulness)

Paying more attention to the present moment can improve your mental wellbeing. This includes your thoughts and feelings, your body and the world around you.

Some people call this awareness "mindfulness". Mindfulness can help you enjoy life more and understand yourself better. It can positively change the way you feel about life and how you approach challenges.