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
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Nationwide protests
Nationwide protests are taking place today (Thursday) having been organised by Te Pāti Māori and other connected to Toitū Te Tiriti movement.
There is likely to be some traffic disruptions so Waka Kotahi are closely monitoring the situation. Below are the locations of these gatherings across the country.
Northland:
Whangārei, Farmer’s car park, 9am.
Kaitāia, Commerce St, 9am.
Auckland:
West Auckland, BP Hobsonville, 6.30am.
South Auckland, Z Petrol station, 6.30am.
North Auckland, Palmers Albany Garden Centre, 6.30am.
Central Auckland, Aotea Square, 11am.
Waikato:
Hamilton, Kirikiriroa Marae, 7.30am.
Matamata, Matamata Woolworths, 6.45am.
Te Puaha, Weraroa Marae, 8.30am.
Hauraki, Victoria Park, 12pm.
Waiariki:
Tauranga, Whareroa Reserve, 8am.
Whakatāne, SH30, 7.30am.
Ōpōtiki, Waioweka bridge, 7am.
Taupō, Lake Terrace, 8am.
Tūrangi, Tūrangi town centre, 9am.
Rotorua, Lake Rd intersection, Old Taupō Rd, Fenton St and Sala St, 7am.
Ikaroa-Rāwhiti:
Tūranganui a Kiwa, Heipipi Park, 7am.
Hastings, Hastings Clock Tower, 7am.
Wairarapa, Masterton Town Hall, 12pm.
Te Tai Hauāuru:
Hāwera, Hāwera Netball Courts, 10.30am.
Palmerston North, Te Marae o Hine, 7.15am.
Tokoroa, Leith Place, 8am.
Wellington:
A hīkoi to Parliament 12pm.
South Island:
Christchurch, Bridge of Remembrance, 11am.
Nelson, Church steps, 12.30pm.
Dunedin, Queens Gardens, 12pm.
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