Securing Insurance today or crowdfunding tomorrow?

With the rise of crowdfunding platforms like Givealittle or GoFundMe, helping out others in the community has never been easier.

So, it could be tempting to view fundraising as a substitute for Insurance. But remember: when it comes to protecting you and yours, Insurance can give you much-needed control in times of need. Here are some key reasons to consider it…

It’s about financial independence

We all know New Zealanders are a generous bunch, and they keep proving it over and over. But if something happened and you had the right cover in place, you wouldn’t need to rely on the kindness of others.

Taking steps to plan for the unexpected is about being financially independent, no matter what life throws at you.

You can get help when you need it

Having Insurance in place is also a matter of timing and certainty of funds. Relying on public donations can be quite risky – not only are you competing with other worthy causes, but you also risk not raising enough to fund what you need. And even if you manage to get enough, it may still be too late.

One example for all: Health Insurance

Sure, not all scenarios and unexpected events can be resolved by having Insurance in place, but a large number could. And these include the majority of financial losses.

Take Health Insurance, for example. Here in New Zealand, we have a great public health system and ACC for injuries, but as some stories on Givealittle testify, even the health system has some gaps. For example, our medical system can only provide drugs and treatments that are approved by Pharmac.

Unfortunately, Pharmac has a finite budget, and many potentially life-saving medications don’t make the cut every year. The good news is, some Health Insurance policies offer cover for non-Pharmac drugs – meaning you can have your treatment funded, even if it’s not covered through the public system.


When it comes to looking after yourself and your family, it pays to think ahead and prepare for the unexpected. If budget is a concern and would like to discuss your options, please get in touch: Insurance can be tailored to your needs, ensuring that you won’t be left hoping a fundraising campaign can help in a time of need.

Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek advice from a financial adviser.