Guide: How to organize your Insurance portfolio using "Har HaBituach"
One of the biggest challenges in managing a family budget is keeping accurate track of Insurance policies. Many of us have policies purchased over the years through agents, workplaces, or banks, and it can be difficult to know exactly how much we pay each month.
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The "Har HaBituach" website is a free, objective government platform designed to provide you with a complete, quick, and clear overview of all Insurance coverage registered in your name, in one place.
What should you prepare in advance?
- Your ID card, including its exact date of issue.
- Answers to various identification questions to pass the website's securityA general term for a tradable financial asset (such as a share, bond, or unit in a fund) that represents a right to an asset or to profits. checks.
To perform the check, visit the Har HaBituach website of the Capital Market, Insurance and Savings Authority.
Step-by-step guide
Step 1: Log in
On the website's homepage, click the "Login for Insured Persons" button.
Step 2: Secure identification
Enter your ID number and password.
If you have not yet registered with the national information system, click "Registration" on the left and complete the verification process using the questions displayed on the screen.
Step 2: Generate the consolidated report
Once the identification stages are complete, the system will generate an up-to-date consolidated report, including all InsuranceA contract under which an insurance company undertakes to compensate the insured in the event of damage in exchange for a periodic payment. policies and service agreements that were valid during the past month.
Step 3: Analyze the information and costs in the report
Insurance is divided into 3categories:\- general, health, and life.
Review the list of Insurance policies in each category and examine the following information:
- Coverage type: A clear breakdown by category, including health, vehicle, home, life, loss-of-income Insurance, and more.
- Insurer: The name of the Insurance company managing the specific policy and the official contract number.
- Pricing: The exact monthly and annual cost you pay for each policy.
Step 4: Identify and address suspected Duplicate insurance coverage
One of the website's most important services is the automatic marking of policies where there is concern about Duplicate insurance coverageA situation in which multiple policies cover the same risk, resulting in unnecessary premium payments.—a situation in which you pay two different companies for exactly the same risk. Check whether any overlaps appear, as they are especially common in the following cases:
- Holding two separate personal accident Insurance policies.
- Paying twice for property policies, such as comprehensive Insurance, for the same vehicle.
- A bureaucratic overlap between various medical coverages and surgeries in Israel.
Please note: It is important to know that the Har HaBituach system indicates only a "suspicion" of overlap between coverage. Before rushing to cancel an existing policy at the click of a button, it is recommended that you pause and examine the matter with an objective professional to determine whether it is entirely unnecessary duplication or two separate, complementary coverages that you truly need when the time comes.
Step 5: Generate a vehicle Insurance history report
If you want to reduce the cost of your vehicle Insurance, go to the dedicated reports tab and immediately generate, free of charge, a no-claims report for the past three years. If you have driven carefully and have not filed claims during this period, you can present the file to any Insurance company on the market to receive a significant discount on the PremiumThe periodic payment made to the insurance company..
Step 6: Save and send the information to a professional
At the top left of the page, you can choose to download the full reports as an Excel file to your computer, print them, or send them directly to your email address, Insurance agent, or family financial advisor. This is an excellent tool for conducting a periodic "systems review" or comparing new price offers with your existing policies.