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: 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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90.9% Yes
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9.1% No
Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
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73.1% We work hard, we deserve a break!
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16.8% Hmm, maybe?
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10.2% Yes!
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