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: Should we be giving the green light to new mining projects? 💰🌲
The Environmental Protection Authority announced this week that a proposed mine in Central Otago (near Cromwell) is about to enter its fast-track assessment process. A final decision could come within six months, and if it’s approved, construction might start as early as mid-2026.
We want to know: Should mining projects like this move ahead?
Keen to dig deeper? Mike White has the scoop.
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53.2% Yes
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46.8% No
Poll: Pedestrian access is being extended to the Ōtakaro Avon River - good idea?
Pedestrian access from one of Christchurch’s favourite streets is being extended all the way to the Ōtakaro Avon River. This new 12m-wide pathway will give you a direct, easy route from the street to the river promenade ... perfect for a stroll, a coffee run, or just soaking up the riverside vibes.
We want to know: In your view, what makes a city people-friendly?
What else should our urban areas be doing to support better community connections?
Curious about the full plans? You can check them out here.
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93.1% Yes
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6.9% No
A riddle to start the festive season 🌲🎁🌟
I'm a fruit. If you take away my first letter, I'm a crime. If you take away my first two letters, I'm an animal. If you take away my first and last letter, I'm a form of music. What am I?
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
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