Insurance premium increase inconsistency
Hi all, I recently got my annual contents insurance renewal, and let out a few words that cannot be repeated here when I read my premium had increased 23% for the next year, now 40% in 3 years. So I looked at what I own, and calculated I could drop the insured value by 30% - I rang the insurer and asked them to recalculate based on the new number, and they advised that they could reduce the premium by only 9%. I do not accept that a 30+% reduction in insured value, equating to only a 9% reduction in premium, is arrived at using their standard calculation tables - I believe they are applying non linear "adjustments" (lets call them "spite adjustments"), to spite us for wanting to reduce upward spiraling premium increases, AKA to keep sucking us dry. I'd like to hear the stories of others who have tried as I have to reduce their premiums but have been offered what is frankly an insultingly measly reduction in premium for such a significant decrease in insured value - EDIT - the insurer made over A$100M in profit in the prior fiscal year, I'm with AA
Poll: If we want to reduce speeding, what do you think actually changes driver behaviour? 🛻🚨🚓
In the Post's article on speeding penalties, the question is asked whether speeding fines are truly about road safety, or are they just a way to boost revenue for the Crown?
What do you think? Should speeding motorists receive speeding fines or demerit points?
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36.3% The sting of a fine (Money talks!)
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63.7% The threat of demerit points (Nobody wants to lose their license!)
Scam Alert: Bank cold calls
ASB is warning customers about reports of cold calls from scammers claiming to be from ASB. These scammers are trying to obtain personal information, including usernames, dates of birth, and verification codes sent to your mobile phone.
🛡️ The "Caller Check" Test
If you get a call from someone claiming to be from ASB and you’re unsure, just ask them for a Caller Check. You will then be able to verify the call through the app.
Remember, banks will:
❌ Never ask for your banking passwords, PINs, or verification codes
❌ Never need to know your full credit card number – especially the CVC
❌ Never ask you to download software or remotely access your device
❌ Never ask you to purchase gift cards or transfer funds.
If you have received a phone call and think your account has been compromised, call ASB on 0800 ASB FRAUD (0800 272 372), or visit your local branch.
Some Choice News!
DOC is rolling out a new tool to help figure out what to tackle first when it comes to protecting our threatened species and the things putting them at risk.
Why does this matter? As Nikki Macdonald from The Post points out, we’re a country with around 4,400 threatened species. With limited time and funding, conservation has always meant making tough calls about what gets attention first.
For the first time, DOC has put real numbers around what it would take to do everything needed to properly safeguard our unique natural environment. The new BioInvest tool shows the scale of the challenge: 310,177 actions across 28,007 sites.
Now that we can see the full picture, it brings the big question into focus: how much do we, as Kiwis, truly value protecting nature — and what are we prepared to invest to make it happen?
We hope this brings a smile!
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