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
Where do you find the best bargains in Canterbury?
The first South Island edition of the Reduced to Clear outlet store opened in Christchurch’s South City mall this month. It sells end-of-the-line products, cancelled exports or short-dated items - similar to other discount grocers in the city such as Save More and BargainMe.
We're keen to hear from you - where do you find the best bargains in Canterbury? Who has the cheapest veges, the best deals on spices and nuts, the lowest price for petrol etc? What are your tips for dealing with cost of living increases? Comment below or email reporters@press.co.nz
Poll: Have you ever been bullied?
People associate bullying with children in schools, but it can actually stretch beyond childhood to workplaces or neighbourhoods.
This Friday is Pink Shirt Day, which began in Canada in 2007 when two students took a stand against homophobic bullying after a new student was harassed for wearing pink. People across the globe are now encouraged to wear pink on this day to take a stand against bullying and promote inclusivity.
Have you or your whānau ever experienced bullying? Share your thoughts on Pink Shirt Day below.
Type 'Not For Print' if you wish your comments to be excluded from the Conversations column of your local paper.
-
79.9% Yes
-
19.6% No
-
0.5% Other - I'll share below
Social climber
Building framed bunk beds and finishing with curtains, Resene Indian Ink and Resene Colorwood Bark elevates the bach classic. Kids also love them at home. Find out how to create your own with these easy step by step instructions.
Loading…
