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
Share your New Zealand music memories...
It's NZ Music Month and New Zealand really has some beautiful songs from artists that we call our own.
Whether it's April Sun in Cuba, Don't Forget your Roots, or How Bizarre or Bic Runga's 'Sway' - songs have a way of unlocking memories and evoking old feelings.
In honour of NZ Music Month, share a New Zealand song or artist that is special to you and explain why.
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And the 2024 Prospa Local Business Hero is...
A huge congratulations to mother and son duo, Mary and Sam Danielson from The Puketapu Hotel.
The votes for all finalists have been tallied and they have been chosen by Neighbourly members across the country as the Prospa Local Business Hero of 2024.
The Puketapu Hotel was nominated by a local called Margaret and the nomination reads:
'On Feb 14, 2023, Cyclone Gabrielle flooded many of the rural areas. Puketapu Hotel went under perhaps half a meter of water. However, immediately Mary Danielson and her son, Sam Danielson, along with their loyal staff pulled it together to cook copious amounts of food that without electricity would have been wasted. Throughout the years many of us have been treated with a pub gathering where we can reconnect and a free meal. At Christmas there was Santa, games, gifts for kids, donated patchwork for adults, an ice cream truck and lots of camaraderie.
This February on the cyclone anniversary, they again pulled out the stops to give hundreds of us a special night. We are all tired of the cyclone cleanup and they understood that it was needed.'
Such a deserving business and team, well done Mary and Sam. And thank you to all those who voted!
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