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House Insurance premium increase by 25%

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  • samsinclair
    replied
    Originally posted by hawkeye View Post
    Can you take a larger excess? Or try a different company( but be sure to compare policy documents to be sure they are comparable benefits).
    will try that

    Leave a comment:


  • hawkeye
    replied
    Can you take a larger excess? Or try a different company( but be sure to compare policy documents to be sure they are comparable benefits).

    Leave a comment:


  • PC
    replied
    Plus GST. Nice little earner.
    Lucky inflation is only 7%

    Leave a comment:


  • donna
    replied
    Yesh - 60% increase in earthquake levy - and there's nothing anyone can do about it.

    cheers,

    Donna

    Leave a comment:


  • samsinclair
    started a topic House Insurance premium increase by 25%

    House Insurance premium increase by 25%

    Would appreciate any advice how to get around this high cost. Just had mortgate rate increased.

    Just got the attached letter from AA Insurance that my premium is going up by 25%. I called them but they said they can't do anything about the earthquake levy gone up by 60% but I asked about why amost 15% increase in base premium, they said they can't help either because costs of building have gone up and that it's not only about my property. That, it's a general increase across their customers.

    The cover:
    home sum insured: $704,300
    Home use: private
    occupied as: Owner occupied
    type: freestanding home
    total size: 173sqm
    year build: 1974
    Number or storeys: one
    wall construction: brick veneer
    Roof construction: iron (corrugated)
    gaden shed: small

    home excess: $1000
    unoccupied excess: $1000
    natural disaster excess: $5000


    Click image for larger version

Name:	IMG_20220914_143408.jpg
Views:	182
Size:	4.55 MB
ID:	731810

    thanks
    Attached Files
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