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
Are we there yet? A city stuck in traffic
Christchurch is New Zealand’s fastest-growing main centre but has the lowest spend on public transport, an incomplete cycling network, and the worst peak-time traffic congestion.
For the second year running, data from global navigation company Tomtom shows it takes longer to travel 10km in Christchurch during rush hour than New Zealand’s other main centres, and it is getting worse.
Tomtom’s data also shows that during rush hour, Christchurch can have 50 traffic jams across the city, with over 30km of clogged roads.
Driving that 10km takes an average of 19 minutes and 10 seconds, up from 18 mins 30 secs last year. Last week’s slowest day was Wednesday at 5pm, with 24 mins.
While Aucklanders’ longer journeys and extra motorways mean slightly more time overall in rush hour traffic, they cover 10km quicker at an average of 16mins and 30secs. Wellingtonians takes 18mins 20secs.
How's your commute? Read the full story by reporter Liz McDonald here and share your thoughts in the comments below. (A subscription is required, or you can see two free articles a month).
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