Home insurance increase

[p38arover]

Just received our home insurance renewal from AAMI. It's gone up 39% since last year to nearly $5,200!

That's criminal/extortion.

Just paid our car insurance and my motorbike insurance came today as well. (Mail delivery on a Sunday!)

I'll need to come out of retirement and get a job.

[V8Ian]

There are no rewards for loyalty, try a different company or two.

[scarry]

Our home insurance doubled.
We moved on.

Many of our business insurances went up between 25 to 30% on the previous year.

All just a rip off.

[p38arover]

I’ll look around. I tried NRMA last year but they wouldn’t insure us as we are, allegedly, in a flood zone.

[ATH]

I'm expecting our home insurance to rocket on renewal as we had a big claim last May/June with storm damage to the roof the very next day after paying up for the next years cover. 6 months later nearly all damage is completely fixed, new carpets, new ceilings in 3 rooms, re-painted walls and furniture replaced where damage was too much to repair.
Only outstanding item is damaged dressing table where refurbishment was botched by a 'craftsmen' who should stick to polishing stuff not attempting something beyond his capabilities. Insurer will get replacement furniture pics sent to them today and then we wait to see what they offer.
Damage doesn't look that much to start with but the amount of rain that flooded through the house and inside the roof after the tiles blew off was amazing.
188631 188632

[V8Ian]

Why did the tiles blow off, only tied every second or third?

[goingbush]

Not house insurance but My wifes car insurance was due $800 last week for a 2015 Renault that we hardly drive, was with Alianz

I scoffed at that & entered the numbers into an online compare thing.

Now with Woolies on a 'drive less - pay less' plan , $250 ish and removed under 25s from the insurance. free winscreen included too.

[DoubleChevron]

Not house insurance but My wifes car insurance was due $800 last week for a 2015 Renault that we hardly drive, was with Alianz

I scoffed at that & entered the numbers into an online compare thing.

Now with Woolies on a 'drive less - pay less' plan , $250 ish and removed under 25s from the insurance. free winscreen included too.

car insurance you will find is way cheaper through your existing company if you have been with them for a few years .... by doing an online quote. They punish any person that is silly enough to be a good customer and not leave every couple of years

House insurance has become insanely expensive. They seem to be rezoning everyone as being in a "flood area" so they can push the insurance amounts up.

[ATH]

Why did the tiles blow off, only tied every second or third?

Not sure why but we've lived here for 40 years and it's never happened before. We have had the sound of tiles lifting when strong winds have blown off the ocean but never any damage and actually this big blow came from inland not from over the water.
RACWA were quick off the mark at getting the roof covered temporarily as was the next door house who had the SES up to do theirs which suffered much the same damage with tiles lifted off. They still have sand bags and plastic over their roof and from the amount of people making notes and being followed by the neighbour who is a very nasty arsehole, I'd say he's uninsured.
Good. I detest him. :)
AlanH.

[ATH]

'They seem to be rezoning everyone as being in a "flood area" so they can push the insurance amounts up.'
I suspect that's only happening in those nice flat areas so beloved by developers who eagerly assisted by councils getting plenty of backhanders, have built homes on flood plains and disappear when the poo hits the fan and they flood naturally after heavy rain. We had a prime example of that some years ago south east of Perth when they did just that and everyone to blame had disappeared/denied liability when very soon afterwards the area flooded a metre deep on 2 occasions.
Same thing is still happening now beside the Kwinana freeway down south where drains are being dug on low lying nice flat ground but will prove inadequate when it really rains and no one in charge will be found to be to blame....
AlanH.

[4bee]

There are no rewards for loyalty, try a different company or two.

Wot he said.


Some one has to pay for all the Flood & Bush fire damage. [bigsad]


From little things I have heard AAMI is not the less expensive.

We are with Wesfarmers but when a claim is made they are probably like the rest of the Industry ie. Finding loopholes in one's claim.

[p38arover]

Our AAMI premium includes contents.

Got a quote from NRMA today, without contents, the premium is $600 more expensive at $5700.

[Roverlord off road spares]

Mario and I have been with Shannon's for a very very long time after racv screw us on a claim of water damage from the shower. They wouldn't pay as they said it was maintenance the the shower leaked through the wall, It would have been better if the pipe had burst. Going by last year and this year house and content gone up $45.80per month, and car insurance for 2 cars full agreed cover (mine and my son) and one with third party (the other son in Japan) has gone up 20.35 per month. So it work out 6,080 for the year. I looked at the house/content and they have put up the allowed cost of rebuilding etc, so they have allowed more money in other things that I could claim for. Also I had that very big claim when I got flooded in 2022. They also found out in 2016 when we got flooded, in the money they gave us they didn't put the cost of frame work for the back of the garage, so they paid me just over 4000 for the frame. Even though it was hell for me and it took a year to finalize everything for the 2022 flood, I really don't think I would change to another company, as I have heard terrible stories of other companies. And Mario did a lot of reseach, we have put in claim on some cars over the years and had no trouble. Also note we do have an excess we have to pay if we claim which isn't that much, and content we have listed special items like 2 saxophones 1 at 7000 1 at 6000 and clarinet $4000, which belong to the boys. With my experience it has take a year for house/content. Car claim they just pay straight away. Heather. (Foot note everyone insurance will go up this year because of the bad year Australia is going through at the moment)

[4bee]

Mario and I have been with Shannon's for a very very long time after racv screw us on a claim of water damage from the shower. They wouldn't pay as they said it was maintenance the the shower leaked through the wall, It would have been better if the pipe had burst. Going by last year and this year house and content gone up $45.80per month, and car insurance for 2 cars full agreed cover (mine and my son) and one with third party (the other son in Japan) has gone up 20.35 per month. So it work out 6,080 for the year. I looked at the house/content and they have put up the allowed cost of rebuilding etc, so they have allowed more money in other things that I could claim for. Also I had that very big claim when I got flooded in 2022. They also found out in 2016 when we got flooded, in the money they gave us they didn't put the cost of frame work for the back of the garage, so they paid me just over 4000 for the frame. Even though it was hell for me and it took a year to finalize everything for the 2022 flood, I really don't think I would change to another company, as I have heard terrible stories of other companies. And Mario did a lot of reseach, we have put in claim on some cars over the years and had no trouble. Also note we do have an excess we have to pay if we claim which isn't that much, and content we have listed special items like 2 saxophones 1 at 7000 1 at 6000 and clarinet $4000, which belong to the boys. With my experience it has take a year for house/content. Car claim they just pay straight away. Heather. (Foot note everyone insurance will go up this year because of the bad year Australia is going through at the moment)

It must be a real Jam Session @ your place when the boys are home, Heather?[biggrin]

[ATH]

"They wouldn't pay as they said it was maintenance the shower leaked through the wall"
I don't blame them and nor would I. As an ex-underwriter although not on home insurance, we had claims from businesses who thought their insurance was to pay for their lack of maintenance of their equipment and the same with our housing division.
We only worked through insurance brokers and the tricks they would try to get dodgy claims paid was amazing.
Shonky car dealers and pollies have much the same attitude. :)
AlanH.

[V8Ian]

It must be a real Jam Session @ your place when the boys are home, Heather?[biggrin]
With Heather maintaining the beat on the Raco non-stick Teflon percussion. [bigrolf]

[Roverlord off road spares]

It must be a real Jam Session @ your place when the boys are home, Heather?[biggrin]

The boys started when they where young around 12 and they played at a lot of places example fed square when they where in high school. Andrew Macalister as he ran a lot of different levels of kids. Mario enjoyed watching the boys at practice.and going to watch them play at different venues. They started out with cheap student insturments and then we bought them the real real good brand ones and you can tell the different in the sound. Kristopher has a Tenor saxophone and he use to play the big Baritone which he borrowed from Andrew when it was need, Brendon has the Alto Saxophone and the clarinet. Mario got a lot of enjoyment from his boy and was proud of them doing music.

[Roverlord off road spares]

"They wouldn't pay as they said it was maintenance the shower leaked through the wall"
I don't blame them and nor would I. As an ex-underwriter although not on home insurance, we had claims from businesses who thought their insurance was to pay for their lack of maintenance of their equipment and the same with our housing division.
We only worked through insurance brokers and the tricks they would try to get dodgy claims paid was amazing.
Shonky car dealers and pollies have much the same attitude. :)
AlanH.

This was the first time we claimed and they said it leaked through the grout, it could be my cleaning, as the shower was black with black grout, and hard to see any damage. I suppose you live and learn on things.
Now with new shower and wet room that was installed by builders for Mario needs. It has all been water proof wall and floor, Heather

[Hall]

Have not posted for quite a while. Also under review in regard to house insurances is electric vehicles and there propensity to randomly combust. They are considering the idea that all garages housing electric vehicles would have to be fire proofed. This would mean lining the garage interior in a fire proof cladding, fitting of sprinklers or something along those lines. Insurance companies will if this comes about refuse insurance cover unless conditions are met. There will no doubt be a increase to cover the extra risk however small it might be.

[scarry]

Have not posted for quite a while. Also under review in regard to house insurances is electric vehicles and there propensity to randomly combust. They are considering the idea that all garages housing electric vehicles would have to be fire proofed. This would mean lining the garage interior in a fire proof cladding, fitting of sprinklers or something along those lines. Insurance companies will if this comes about refuse insurance cover unless conditions are met. There will no doubt be an increase to cover the extra risk however small it might be.

It will be interesting to see what will happen with blocks of units,and EV chargers in the basement carpark?

As I have said before insurance companies will just walk away.
Some may take the risk,but the premiums will be astronomical.

[4bee]

The boys started when they where young around 12 and they played at a lot of places example fed square when they where in high school. Andrew Macalister as he ran a lot of different levels of kids. Mario enjoyed watching the boys at practice.and going to watch them play at different venues. They started out with cheap student insturments and then we bought them the real real good brand ones and you can tell the different in the sound. Kristopher has a Tenor saxophone and he use to play the big Baritone which he borrowed from Andrew when it was need, Brendon has the Alto Saxophone and the clarinet. Mario got a lot of enjoyment from his boy and was proud of them doing music.


Did you miss your calling, say playing the Drums?[biggrin]

[4bee]

It will be interesting to see what will happen with blocks of units,and EV chargers in the basement carpark?

As I have said before insurance companies will just walk away.
Some may take the risk,but the premiums will be astronomical.




Maybe then Owners will be back charging claims to the TESLA bloke who apparently started this madness?

Why not?:rulez:

[Roverlord off road spares]

Did you miss your calling, say playing the Drums?[biggrin]

I was to busy being the chauffeur [biggrin]

[4bee]

I was to busy being the chauffeur [biggrin]

Apparently driving using a phone is a no no so I guess they'd take a very dim view if you were a wannabe Gene Krupa while driving. :Rolling::Rolling:

Gene Krupa - Google Search (https://www.google.com/search?client=firefox-b-d&q=Gene+Krupa)

[Hall]

t will be interesting to see what will happen with blocks of units,and EV chargers in the basement carpark
This is a divergence from the thread topic. But the quoted comment does remind me of a discussion I had. There is in Melbourne a block of units getting built. They of course want to go all electric. Ev Chargers for each vehicle in the basement and all electric units. It was brought to there attention that the local power supply could not meet the demand. How about gas cookers. A firm no was the reply. The answer, and I kid you not, a diesel generator in the basement for the EV chargers. [thumbsupbig]
Cheers Hall

[p38arover]

Can't have gas cookers in Vic any more.

We'll keep our gas top stove, gas instantaneous hot water system, and gas heater.

[Homestar]

Can't have gas cookers in Vic any more.

We'll keep our gas top stove, gas instantaneous hot water system, and gas heater.

Only in new homes, I just bought a shiny new gas cooktop for our kitchen.

[4bee]

I’ll look around. I tried NRMA last year but they wouldn’t insure us as we are, allegedly, in a flood zone.



SNAP! You can expect the same when you live in an area that had seen one only bush fire since 1983 caused by ETSA's ( now SA Power Networks) problem of clashing street cables. It must have cost squillions to rectify as they inserted Fibre Glass rods across cable spans to keep them separated.
How many cable spans around the State Mr Bee?
"Must be bloody millions. And who picks up the tab?" Consumers do.

Today they also have contracted a Statewide scheme to cut back any trees that may interfere with cables.
No direct charge to consumers but I'm sure it is another thing tacked onto our Bills but not shown.



High winds = swinging wires= stuff dropping onto the undergrowth. Sparks, plastic insulation Possums etc= Mayhem.

[Blknight.aus]

Quiet bet...

last time townsville underwent a "wind event" the insurance for my property (already marked as being in both wind event and floodable areas) went up because "wind event".


whats a bet it happens again say, 4-6 weeks after the storm.

whats a bet, next year when there is no "wind event" it wont come back down.

[V8Ian]

You reckon house insurance is a trap?
Truck insurance is an absolute mine field!
e.g. buy a second hand truck for $100,000, insurance will ask for a nominated sum insured. Truck catches fire (probably parked too close to an EV [wink11]), so the owner expects 100k to clear the debt or replace the truck. No, insurance says the truck was only worth 80k, that's all they will pay.
Same truck, owner nominates 80k, makes a claim for third party damage, the insurance company says it's under insured, so will only pay 80% of the claim.
It's amazing insurance companies don't know what a truck is worth until the insured makes a claim.

[Roverlord off road spares]

You reckon house insurance is a trap?
Truck insurance is an absolute mine field!
e.g. buy a second hand truck for $100,000, insurance will ask for a nominated sum insured. Truck catches fire (probably parked too close to an EV [wink11]), so the owner expects 100k to clear the debt or replace the truck. No, insurance says the truck was only worth 80k, that's all they will pay.
Same truck, owner nominates 80k, makes a claim for third party damage, the insurance company says it's under insured, so will only pay 80% of the claim.
It's amazing insurance companies don't know what a truck is worth until the insured makes a claim.

Hi Ian just a question I know you can get agreed value which Mario had all the cars we had which was very very close to what he bought them or the same price we paid. So is trucks the same can you argue the amount with them? You know me this is all new to me as Mario did all this stuff. Hope you are traveling well. Heather

[4bee]

Quiet bet...

last time townsville underwent a "wind event" the insurance for my property (already marked as being in both wind event and floodable areas) went up because "wind event".


whats a bet it happens again say, 4-6 weeks after the storm.

whats a bet, next year when there is no "wind event" it wont come back down.

It seems this occurs to many things Dave. For a good reason prices are bumped up, but when that emergency or other is over someone in authority seems to forget that they had increased prices for whatever & it could take years of negotiation to rectify the situation & by then costs have normally risen anyway, so that is used as an out.

Sometimes referred to as "Covering your arse". I prefer the olde method of taking one's money ie. A bloke wearing crudely made Armour out of plowshares etc sticks a Colt or more likely a Snider-Enfield in your face & says summat like "STAND & DELIVER" . Certainly more exciting & summat to tell one's grandchildren.

By then they will be old enough to ask "Did you **** your pants Grandpa?"[bighmmm][bighmmm][bigrolf]

[V8Ian]

I reckon "insurance company" is latin for welch on a bet. :bat:

[4bee]

I reckon "insurance company" is latin for welch on a bet. :bat:

You are damned if you do & castigated if you don't, it seems to me.:rulez:



But where would we bee without them? A lot bloody richer is where, until the gaff burns down especially these days when recharging my scooter battery in the bedroom.:BigCry:

EDIT.No, To clarify I don't own one. but one day, Who knows?

A Scooter not a Bedroom. That would be silly.:Rolling::Rolling: [bighmmm]

[johnp38]

I shop around every renewal time for every insurance type I have.

There is no loyalty to customers regardless of how many claim free years you have with them.

Usually after a few years I am back with one of the previous insurers who are doing a special for 'new' customers.

And the game goes on.

[V8Ian]

Hi Ian just a question I know you can get agreed value which Mario had all the cars we had which was very very close to what he bought them or the same price we paid. So is trucks the same can you argue the amount with them? You know me this is all new to me as Mario did all this stuff. Hope you are traveling well. Heather
With truck insurance, agreed value is not a thing.

[Tombie]

Why would anyone be naive enough to think any company honours loyalty?

We are long past the days where the local agent was known and would look for the best deals for you.

Once you’re in the system, the annual increases are just electronically applied. You’re nobody to them until you become a “loss” (make a claim).

Banks are the same, I play them off against each other all the time.

[scarry]

Our annual total insurance bill is huge,business,vehicles,properties,etc,etc.

I have three brokers,that all get a crack at it.

I also read the prefered policy's disclosure statement,and the policy,it is amazing what some cut out.

Alliance actually cut out windscreens,and increased excess by a huge amount for a vehicle with a GVM of more tha 2.5T.This was their business vehicle policy.

Subsequently we moved on but i believe that has now been deleted from their latest policy.

Mechanical insurance for plant is also another,some insurance companies cut out virtually everything,so the policy is not worth having.

The main aim of any insurance company is to get out of paying for a claim.

[1950landy]

I understand with house Insurance going up with cost of repairs going up but with Car insurance I don't understand why there should be an increase each year. As the vehicle gets older the payout decreases . I had been with same car insurer for over 30 years, last year they increased my premium on one of my vehicles by $200, I had not had a claim in over 20years, on a vehicle we paid $52,000 5years ago their payout was going to be $6,000. I decided to shop around am now paying for 4 vehicles with aggraded value less than I was paying a year for 2 vehicles. The same vehicle my old insurance was going to pay out $6,000 the new insurance aggraded value is $15,000 plus I have doubled the payout on the S1 & 84 BMW. My argument with my old insurer for cancelling the 4 policies was if what they are going to pay out decreases each year why should my premium increase $100 each year for each vehicle. As others have said loyalty means nothing these days.

[4bee]

Our annual total insurance bill is huge,business,vehicles,properties,etc,etc.

I have three brokers,that all get a crack at it.

I also read the prefered policy's disclosure statement,and the policy,it is amazing what some cut out.

Alliance actually cut out windscreens,and increased excess by a huge amount for a vehicle with a GVM of more tha 2.5T.This was their business vehicle policy.

Subsequently we moved on but i believe that has now been deleted from their latest policy.

Mechanical insurance for plant is also another,some insurance companies cut out virtually everything,so the policy is not worth having.

The main aim of any insurance company is to get out of paying for a claim.




Subsequently we moved on but i believe that has now been deleted from their latest policy.

That is known as Consumer Fightback or Resistance, in some circles. [bigrolf]


Just pondering...... I wonder who they insure with? The next desk for a good Staff discount??

I don't kid myself that "SECRET" deals are not[biggrin][biggrin] to be had, just not offered to the regular clients of many years.

BASTARDS !!:2up: :rulez::bat: [biggrin]

[scarry]

That is known as Consumer Fightback or Resistance, in some circles. [bigrolf]

Correct,and also apparently the dual cab ute insurance market is very competitive these days,that is why it was changed.

I was surprised in 2020,a brand new LC200 was from memory,something like $400 cheaper to insure than our 10yr old D4.
Same company,same policy.

Parts would probably be harder to get for the D4,and repairs possibly more difficult.
But if written off,the D4 would have had a value of somewhere between 1/4 and 1/3 of the LC.

[p38arover]

I thought I'd try Compare the Market (knowing they wouldn't be using any well known/reputable companies).

Quotes range from $1840 (Budget Direct and Virgin) to over $15k (Bank of Queensland and Honey). The lower quotes don't include flood cover. Woolworths were on par with AAMI and NRMA.

I'm really unsure if flood cover is required.

[austastar]

Hi,
I think flood insurance should be a wager. Yes or no. No 'maybe' .
Nominate the flood level , shop around for the best odds .
Cheers

[V8Ian]

There were some horror stories, post 2011 Brisbane floods, with some insurance companies arguing that any sort of water ingress was flooding, ergo unless the property was specifically covered for flood, claim declined.
There was a woman on a Current Affairs type programme whose roof was damaged during a storm. Her insurance accepted liability for the roof replacement, but refused any subsequent water damage claim, as she had no flood cover.
Typical insurance company behaviour, willing to take the money, they twist words looking for any way to accept liability on a product bought in good faith.

[Tombie]

Law doesn’t do good faith Ian [emoji41]

Policies are written by lawyers and are explicit in their detail.
If you work within the words written you’ll almost always get the outcome the policy offers.

Miss a sentence and you may get nothing.

Insurance is a bet where the house stacks the deck completely in their favour. Add to that shonky claims and claims made due to total and utter negligence and we all pay the price.

The good thing is a portion of my super is in a big insurance group who do very well, other arsehole corporations like Westf***ers etc also contribute a lot to my future retirement.

Damned either way!

[4bee]

Law doesn’t do good faith Ian [emoji41]

Policies are written by lawyers and are explicit in their detail.
If you work within the words written you’ll almost always get the outcome the policy offers.

Miss a sentence and you may get nothing.

Insurance is a bet where the house stacks the deck completely in their favour. Add to that shonky claims and claims made due to total and utter negligence and we all pay the price.

The good thing is a portion of my super is in a big insurance group who do very well, other arsehole corporations like Westf***ers etc also contribute a lot to my future retirement.

Damned either way!



Are you still planning on going" up Norf" when you retire Mike? I recall you posting summat about that yonks ago.

[ATH]

There were some horror stories, post 2011 Brisbane floods, with some insurance companies arguing that any sort of water ingress was flooding, ergo unless the property was specifically covered for flood, claim declined.
There was a woman on a Current Affairs type programme whose roof was damaged during a storm. Her insurance accepted liability for the roof replacement, but refused any subsequent water damage claim, as she had no flood cover.
Typical insurance company behaviour, willing to take the money, they twist words looking for any way to accept liability on a product bought in good faith.

Possibly she had the building covered but not the contents. We had storm damage back last May/June and had just renewed our cover with RACWA. No hesitation in sending out people to firstly cover the damaged roof and then others coming in to replace ceilings/carpets etc. damaged by the rain which flooded in.
Only thing outstanding is the damage by roof tiles hitting our dressing table and repairs stuffed up by a 'craftsman'..... we can't buy anything remotely like the rest of the bedroom suite so maybe they'll make us an offer of some kind.
Insure your place correctly and most companies will honour the policy which is what they have to do under the law.
AlanH.

[V8Ian]

Possibly she had the building covered but not the contents. We had storm damage back last May/June and had just renewed our cover with RACWA. No hesitation in sending out people to firstly cover the damaged roof and then others coming in to replace ceilings/carpets etc. damaged by the rain which flooded in.
Only thing outstanding is the damage by roof tiles hitting our dressing table and repairs stuffed up by a 'craftsman'..... we can't buy anything remotely like the rest of the bedroom suite so maybe they'll make us an offer of some kind.
Insure your place correctly and most companies will honour the policy which is what they have to do under the law.
AlanH.
The insurance company was refusing to replace/repair the damaged gyprock.

[ATH]

Where is gyprock used? Internally? Not many places here built using it as most are double brick.
Maybe the owner should take their case to the state consumer people although most of them are on the side of the big money.....
AlanH.

[Tombie]

Are you still planning on going" up Norf" when you retire Mike? I recall you posting summat about that yonks ago.

Much further Norf [emoji41]
I’m retiring out of country

[Tombie]

When we insured our property the policy had options on flood coverage.

One is flood by rising water, the other is “flooding” of the internals of the home - this covered water damage from broken pipes, leaking roof etc.

Both came at varying price points.

I wonder if that was missed in the case you mention Ian?

[4bee]

Much further Norf [emoji41]
I’m retiring out of country

That is what I thought, but didn't like to say. [bighmmm] [biggrin]

[p38arover]

We tried for a quote from Allianz and QBE only to find they are the same insurer. They wouldn't quote owing to there being too many burglary claims (not by us I must add!).

Youi said "We're keen to help however we currently don't provide home cover at this address due to the risk of inundation."

APIA wants $4,850 but their on-line quoting system covers us for $36,000 less than AAMI.

Suncorp wants $5,060.

Can anyone think of any reputable insurers (is there such a thing?) we could try?

[Tombie]

We tried for a quote from Allianz and QBE only to find they are the same insurer. They wouldn't quote owing to there being too many burglary claims (not by us I must add!).

Youi said "We're keen to help however we currently don't provide home cover at this address due to the risk of inundation."

APIA wants $4,850 but their on-line quoting system covers us for $36,000 less than AAMI.

Suncorp wants $5,060.

Can anyone think of any reputable insurers (is there such a thing?) we could try?

You wont get much help...

The Insurers of the Insurers (theres 2 majors globally) have upped their price 300% - this has immediately been passed onto consumers... You'll be lucky if you can get anywhere near last years pricing.

[Roverlord off road spares]

I was watching the TV last night, they where interviewing someone in Qld that got flooded out in the last one that hit Qld the other day and she said that they only last month didn't renew there insurance because they couldn't afford it, and the area that they live in has never flooded. I really don't think now there isn't any area that is safe from flooding/ storms/fire. As the world has changed so much with weather. And they where saying from 2020 or was it 2022 there was over 800,000 house claims in Aust.
With that many claims no wonder insurances are going up, even if you don't put in a claim. Heather

[DiscoDB]

Where is gyprock used? Internally? Not many places here built using it as most are double brick.
Maybe the owner should take their case to the state consumer people although most of them are on the side of the big money.....
AlanH.

Great thing about WA - Double Brick homes. Cooler, quieter, and more solid.

On the East coast Double Brick homes would probably be rare to have. Most tend to be Brick Veneer, and say in Victoria mostly all timber framed which holds up the outer single brick layer, and internally gyprock plasterboard walls - so everything would rot if flooded.

[ATH]

Our ceilings which I presume are gyprock type stuff certainly didn't like flood of water that poured in when the tiles got blown off. I've never seen so much rain here and it came from the south-east instead of off the water where we can see the storms coming in.
Many places are also built on those nice flat flood plains so beloved by developers and their mates on councils....... try getting rain/flood damage insurance if living on one of them.
AlanH.

[Tombie]

I was watching the TV last night, they where interviewing someone in Qld that got flooded out in the last one that hit Qld the other day and she said that they only last month didn't renew there insurance because they couldn't afford it, and the area that they live in has never flooded. I really don't think now there isn't any area that is safe from flooding/ storms/fire. As the world has changed so much with weather. And they where saying from 2020 or was it 2022 there was over 800,000 house claims in Aust.
With that many claims no wonder insurances are going up, even if you don't put in a claim. Heather

It’s not the weather that’s changed, we’ve had these floods/storms/fires before.

It’s where people have chosen to build and live that’s increased the risk profile.

Once open plains get modified with drainage systems which funnel the average water flow ok, until they don’t.

Housing development around these areas drives more water into the lower points, funnelling it and causing flooding in occupied areas.

Fires decimate housing in areas where fires once passed through barely finding a home to raise.

Poor land management programs, locking out access, removing cattle from the high country etc - that’s left LOTS of fuel uneaten - amplifying the effects.

People are suffering from the arrogance of people.

If your creek had been maintained by council correctly, and not restricted downstream, you likely wouldn’t have flooded.
Something downstream (possibly upstream if it channeled increased water flow) caused the event to be what it was. Not your fault… you were just caught in the crossfire.

[ATH]

'People are suffering from the arrogance of people.' Arrogance and greed all allowed under the many rules and regs supposedly put in place to protect people.
None of it matters when there's big dollars floating around..... of course it's rare that anyone is tried and found guilty under our laws as they're there to protect the wrong people. I was told by a Consumer Affairs 'officer' when I complained about the response from about the biggest caravan retailer in WA...... "I hesitate to approach Mr ...... ... as he's an icon of the industry'. Yes and a very rich one (now deceased) who couldn't care less after people have spent their hard earned on crap badly put together vans.
That's the attitude of many supposedly looking after us.
Same with insurance, many brokers are only looking after their own futures and not interested in actually providing the right cover for their client. I had many dealings with shonky brokers when working in insurance (not housing stuff) many years ago.
How about this. Broker asks me for a quotation to cover the fixed plant at a gold mine Coolgardie way so off I went and went around it with their plant engineer etc and pointed out specifically that we could provide cover for stuff like pumps, generators etc if a good maintenance plan was in effect (which it didn't look as if there was) but it would specifically exclude parts not made of metal.
I sent off a quote showing standard policy wording and also pointing out certain exclusions like that above and heard nothing for about 3 months..... then the phone rang and the broker advised they were making a claim on their clients behalf under the policy they had taken out with us!
'Oh yes' I said, 'and what policy was that then?'
"You know the one' he said 'You gave us a quote on cover'.
'Ah yes' I responded 'the cover you didn't take up due to the expence and because you were afraid to tell them how much it would cost'.
Deep silence and then he said 'It's costing upwards of 50k to replace the pipework on the deep dewatering pumps' ..... 'Not our business' I said 'firstly you failed to take up the policy and anyway it doesn't cover those plastic pipes'. :)
To say the poo hit the fan is an understatement as he complained bitterly about my attitude to HO and anyone else that would listen to him.
But we still didn't pay. You only get what you pay for.
AlanH.

[ATH]

We've just received a payout for damage to the bedroom furniture which isn't replaceable as it's not made any longer. Plus the 'craftsman' who was engaged by the people controlling internal repairs was a bodger who should stick to polishing furniture not doing repairs he's not qualified to do.
Our chest of drawers suffered damage to the top which was made from good wood when a tile thumped it when they got blown off the roof and came through the ceiling. Thank goodness we weren't in bed at the time the damage occurred. :)
When he (the repairer) took away the item to repair it the drawer slides fell apart and he tried to replace them but his workmanship of cutting the wood and fitting the new runners was really bad. Anyway, I told him I'd had enough of his efforts and also told the insurer and they've made a payment to cover the damage because as I said before, it's not possible to replace this item with anything like it.
So that's it, we've got what we paid for under our building and contents cover and are quite happy with how the RACWA approached the repairs and how things have ended up.
Never be without insurance... it's not a luxury as some say and many have found out that to their cost.
Read the policy carefully, check your area for previous flooding, fires etc., check where it's built, ask questions, and keep your fingers crossed.
AlanH.

[Roverlord off road spares]

We have away had insurance for our cars and house/contents. I wouldn't be with out it, it is a bit of peace of mind, I would have to find money to repair the garage and retaining wall and repair on the down pipes. I know it took a year to get every thing paid out and done for the flood in 2022. But what I have learned from Mario is never give up when you know you are in the right. I want my son Kristopher to get content insurance. I will have to bring up again. He and his girlfriend are renting, I told him the owner would have the house insured but he needs to get content for all there stuff, it does add up if you need to replace there stuff. Heather.

[WhiteD3]

Interesting this has happened with AAMI.

We just purchased our retirement home. Made sure its not in any sort of flood zone by checking the council's flood maps. Got a quote from RACQ for $14k! We have 4 policies with them so I complained as a similar house just 4 houses away quoted at $3.5k. Days of back and forth with no change, I lodged a formal complaint but was told by them that they would not reply.

AAMI quoted $1500. Allianz a bit more. We went with AAMI.



Just received our home insurance renewal from AAMI. It's gone up 39% since last year to nearly $5,200!

[Tins]

Way back in '09 our house was half destroyed by fire. Jan was lucky to escape with her life, but that's another story. We were out of it, in temporary accommodation, for 10 months. Under my policy, that is paid out of a percentage of the contents cover.
My fire was a couple of weeks after Black Saturday, so the insurers were, err, busy. but they got on with moving stuff out quickly. A heck of a lot of stuff was saved, but that in itself is costly, both in removal and storage, and smoke remediation.
Thing is, while they prepared a Scope of Works quickly, it was six months before work began. The people providing the temporary accommodation were charging the insurer $165.00 a NIGHT. For a one bedroom B&B. Without the breakfast! In 2009! ( You got a rental? Offer it to the insurers.) So the monies for this accommodation were being eaten into rapidly, and it ran out. So, the insurance officer in charge demanded we move back in. Everything, appliances, beds, furniture, and around 100 boxes, before painting and floor coverings were done. I dug my heels in, and so did the carpet guys. I had been warning them that this very thing would happen.
The actual work took around six weeks. Admittedly, the insurers and their "preferred" builders were under the pump. But, stick to your guns, have more contents cover than you think you need.
Premium didn't go up as a result of this fire, but boy it has in the intervening years. But then, so has everything else, with the possible exception of income.
Another note. The builders tried to prevent me access to inspect the progress. Don't let 'em. My place had some of my stuff in an undamaged section. I insisted that I needed access due to that. A number of issues I saw would have remained unknown if I had stayed away.

[ATH]

We were told we could move to temporary accommodation but we decided not to as no way were we leaving the house empty while the repairers wandered through at will. Our house is full of stuff accumulated over the over 40 years since we built it and you only miss stuff when you need it sometimes after years of having forgotten you even had it:)
The oxygen waster next door still has tarps and sandbags on his roof where it was damaged during the same storm and no insurance. Good, I'm pleased, as it couldn't have happened to a more deserving piece of human excrement. :)
AlanH.

[Tombie]

Just a segway on that, you raise a great point ATH…

We have lived in our current home for approximately 20 years, when we moved here we downsized a 6 bedroom, 3 bathroom 2 story home into a 2 bedroom bungalow. During this move our original home was invaded, and then later burgled whilst we were at our new home for a week.

At the time we had a clearing out, it is refreshing and renewing.

We worked out what we lost of value and had that replaced (no issues at all with our insurer).

We then decluttered our lives, keeping what we considered added value to our lives. Be it memories (photos, gifts, heirlooms etc) then we rationalised all our remaining items.

The amount of clutter collected over our lives reduced greatly, the quality of what we held onto was the best of our ‘stuff’

I’ve since done similar in my workshop, and the space is so much more enjoyable to be in now.

I cannot recommend it enough!

[Tins]

We were told we could move to temporary accommodation but we decided not to as no way were we leaving the house empty while the repairers wandered through at will. Our house is full of stuff accumulated over the over 40 years since we built it and you only miss stuff when you need it sometimes after years of having forgotten you even had it:)
The oxygen waster next door still has tarps and sandbags on his roof where it was damaged during the same storm and no insurance. Good, I'm pleased, as it couldn't have happened to a more deserving piece of human excrement. :)
AlanH.

Had my place been liveable we would have stayed also. But it was deemed unsafe by the fire authorities, and the utility companies refused point blank to reconnect. Fair enough I guess, especially the electrickery, which had been the cause of the fire in the first place.

Tip: You know that sort of ozone smell you can get from things like transformers? Don't ignore it. that aroma was present as I was leaving for work. In my defence, where I live there had been an awful lot of smoke, both from the whole Black Saturday conflagration, and also the fires burning on King Island ( yes, it carried ).

Edit: The source of the fire was traced to one power point. Fireies reckoned it was a "hard joint".

[Tins]

Just a segway on that, you raise a great point ATH…

We have lived in our current home for approximately 20 years, when we moved here we downsized a 6 bedroom, 3 bathroom 2 story home into a 2 bedroom bungalow. During this move our original home was invaded, and then later burgled whilst we were at our new home for a week.

At the time we had a clearing out, it is refreshing and renewing.

We worked out what we lost of value and had that replaced (no issues at all with our insurer).

We then decluttered our lives, keeping what we considered added value to our lives. Be it memories (photos, gifts, heirlooms etc) then we rationalised all our remaining items.

The amount of clutter collected over our lives reduced greatly, the quality of what we held onto was the best of our ‘stuff’

I’ve since done similar in my workshop, and the space is so much more enjoyable to be in now.

I cannot recommend it enough!

It's a process I need to go through now. But when the platoons of cartons came back into the house after the fire it was almost dispiriting opening them all to find all the stuff we had completely forgotten about. THAT would have been a perfect time. At the time though, my then undiagnosed ADHD condition prevented me from taking the actions needed. Jan and I were both hoarders.

Starting on a course of Ritalin. Maybe it's time! 🤞

[4bee]

Had my place been liveable we would have stayed also. But it was deemed unsafe by the fire authorities, and the utility companies refused point blank to reconnect. Fair enough I guess, especially the electrickery, which had been the cause of the fire in the first place.

Tip: You know that sort of ozone smell you can get from things like transformers? Don't ignore it. that aroma was present as I was leaving for work. In my defence, where I live there had been an awful lot of smoke, both from the whole Black Saturday conflagration, and also the fires burning on King Island ( yes, it carried ).

Edit: The source of the fire was traced to one power point. Fireies reckoned it was a "hard joint".


Also a good point. Actually I do have a sniff inside elec panels before I hit the sack She then gets up & makes a cuppa.. NB. Spud didn't post this BTW.[bigrolf]

Never found a hot joint yet & it makes me feel better. It is a bit late when the Smoke & Heat alarms (not quite the same things) are screaming their heads off & one is struggling under pressure to find one's Jocks in the dark.

[Tins]

Fire began here. Most of the damage was upstairs. Because of two earlier false alarms the local CFA were actually already on the truck when the call went out.

188779

[Tins]

It's a process I need to go through now. But when the platoons of cartons came back into the house after the fire it was almost dispiriting opening them all

Platoons, I say[bigsad]. More upstairs.....

188780188781188782188783188784188785188786

[V8Ian]

With that many cartons, who needs furniture? [biggrin]

[scarry]

Also a good point. Actually I do have a sniff inside elec panels before I hit the sack She then gets up & makes a cuppa.. NB. Spud didn't post this BTW.[bigrolf]

Never found a hot joint yet & it makes me feel better. It is a bit late when the Smoke & Heat alarms (not quite the same things) are screaming their heads off & one is struggling under pressure to find one's Jocks in the dark.

If you are that worried,you could always have an electrical thermal scan done say,once a year.Then you wouldn't have to worry if you have a cold and the nose sensitivity has dropped off.[bigrolf]

This has become mandatory by all insurers in the last few years for commercial properties.
Some of ours are actually done every 6 months due to the size of the switchboards.

BAck on topic,the insurance for the old fishermans shack we have,norther NSW coast, with lots of asbestos came up last week,quotes ranged from $4 to $6 K.
SWMBO did some searching herself,and ended up with QANTAS insurance at around $2K.

We also downsized 23 yrs ago,from a huge 6 bedroom residence.Apart from getting rid of that much furniture and other "stuff" we didn't need,there is way less maintenance,and huge reductions in other costs,insurances,rates,power,bla,bla.Our block here is bigger,but is mostly scrub,so way less maintenance.
I was not sorry to see the pool go either.
Mowing here takes less than an hour,including the footpath,there it was close to 4.Plus all the gardening,glad to see the back of it all.
Here is three bedrooms,which is all we need,plus parking for 3 vehicles under cover and another three outside,which is a better set up than the other place.
And a 6X6M office external to the residence,with shower,toilet,etc.

[ATH]

I'm trying to reduce stuff we've had for years like camping things we won't use in the future but I seem to get nowhere. I've a coin collection which should be ditched, a 60 plus year old camera, golf clubs, fishing gear by the mile, fruit trees, all still in exactly the same place as they were years ago when I decided to lighten the house up a bit. :)
Never mind, it'll give the inheritors something to argue about in in a few decades time. :O
AlanH.

[Tins]

With that many cartons, who needs furniture? [biggrin]

They wanted them back[bigsad]

[4bee]

I'm trying to reduce stuff we've had for years like camping things we won't use in the future but I seem to get nowhere. I've a coin collection which should be ditched, a 60 plus year old camera, golf clubs, fishing gear by the mile, fruit trees, all still in exactly the same place as they were years ago when I decided to lighten the house up a bit. :)
Never mind, it'll give the inheritors something to argue about in in a few decades time. :O
AlanH.

Bloody strange innit, how you seem to accumulate more than what you started with at the beginning of a Shed Clearance. Some things are just too good to toss but they have been hiding away until Revelation Day.
[bigrolf]

[3toes]

Sometimes you have to wonder where it all comes from. Moved to this country with all my possessions in a backpack. Moved house 18 months later and needed a van

[Tins]

Sometimes you have to wonder where it all comes from. Moved to this country with all my possessions in a backpack. Moved house 18 months later and needed a van

I've been here twenty four years. I'll need a 20' shipping container for my hobbies and tools[bigsad]

[Tins]

Never mind, it'll give the inheritors something to argue about in in a few decades time. :O
AlanH.

Around 25 years ago my eccentric uncle ( he wasn't really, but he might as well have been ) passed. Mum was his executor ( the legal sort ). We all had to chip in to help. This bloke was a "collector". Had this rambling old house in South Yarra. It was big, but he had accumulated stuff. He had most of the place filled with cupboards, tea chests, boxes, trunks and just random piles, laid out in a way that he had passages, or companionways I guess, that reminded him of his days in corvettes. He used to run down ladders forwards.
Anyway, we filled 12 of the biggest skips you could get. Would have been a lot more but the gannets came from far and wide to rummage. And of course not everything got chucked. Lotsa good stuff.
But, he used to save cling wrap of stuff from the shops. He'd smooth it out and stick it to the walls "just in case". I wish I'd kept the box labelled "Pieces of string too short to be of any use", but it only contained pieces of string that were useless.
He left HIS family, not mine sadly, well over $2 million, which was quite a bit back then ( still is, in my world ). He left my mum his 1924 20HP Rolls Royce, but she gave that to a good friend of their's who would do it up[bigsad].

"Give the inheritors something to argue about" indeed. Still, in my case my son probably deserves it.

[4bee]

Around 25 years ago my eccentric uncle ( he wasn't really, but he might as well have been ) passed. Mum was his executor ( the legal sort ). We all had to chip in to help. This bloke was a "collector". Had this rambling old house in South Yarra. It was big, but he had accumulated stuff. He had most of the place filled with cupboards, tea chests, boxes, trunks and just random piles, laid out in a way that he had passages, or companionways I guess, that reminded him of his days in corvettes. He used to run down ladders forwards.
Anyway, we filled 12 of the biggest skips you could get. Would have been a lot more but the gannets came from far and wide to rummage. And of course not everything got chucked. Lotsa good stuff.
But, he used to save cling wrap of stuff from the shops. He'd smooth it out and stick it to the walls "just in case". I wish I'd kept the box labelled "Pieces of string too short to be of any use", but it only contained pieces of string that were useless.
He left HIS family, not mine sadly, well over $2 million, which was quite a bit back then ( still is, in my world ). He left my mum his 1924 20HP Rolls Royce, but she gave that to a good friend of their's who would do it up[bigsad].

"Give the inheritors something to argue about" indeed. Still, in my case my son probably deserves it. A ploy to get their hands on it or was it really done up?



The string would have only been useless if he couldn't find a use for it I suppose, but someone could therefore it wouldn't be useless.[bigrolf]

[p38arover]

I was talking to a local shop owner today. His building insurance went from $16k last year to $25k this year. It's a concrete tilt up building - where they pour the walls on the ground then tilt them up. So it's probably a low fire risk and it's not in a flood zone.

[4bee]

I was talking to a local shop owner today. His building insurance went from $16k last year to $25k this year. It's a concrete tilt up building - where they pour the walls on the ground then tilt them up. So it's probably a low fire risk and it's not in a flood zone.

That is a lot of walls to build to recoup that insurance greed.

.
Just as well he's not into flogging VAPES as well.

[V8Ian]

I was talking to a local shop owner today. His building insurance went from $16k last year to $25k this year. It's a concrete tilt up building - where they pour the walls on the ground then tilt them up. So it's probably a low fire risk and it's not in a flood zone.
Is it just past the end of an airport runway?

[Tombie]

As I said, the 2 global insurance houses upped their price 300%.

Globally there’s been a huge increase in payouts and they flicked the price up.

Public insurers then pushed up accordingly.

[scarry]

I was talking to a local shop owner today. His building insurance went from $16k last year to $25k this year. It's a concrete tilt up building - where they pour the walls on the ground then tilt them up. So it's probably a low fire risk and it's not in a flood zone.

It may have quite a lot of cold room panelling which is high risk,even the fire retarded newer XFLam is classed high risk.

But as Tombie has said,they have all gone up.

All to do with weather events,growing value of assets,increases in building and repair costs,and just general inflation.
I know it still doesn’t seem to warrant that sort of increase,but it is happening right across the insurance industry.
It also depends on risk,the companies are looking at risks in greater depth these days,and doing risk assessments on all commercial properties.

I could give you exact costs of increases on commercial and industrial properties,but won’t.
All I will say is I know many that have doubled or gone up over 50% over the last 12 months.
With the higher risk properties going up the most.
By higher risk it is generally related to what type of industry occupies the building.Or if the building is built or contains a high risk product.
Flood risk could come into it as well.

[4bee]

It may have quite a lot of cold room panelling which is high risk,even the fire retarded newer XFLam is classed high risk.

But as Tombie has said,they have all gone up.

All to do with weather events,growing value of assets,increases in building and repair costs,and just general inflation.
I know it still doesn’t seem to warrant that sort of increase,but it is happening right across the insurance industry.
It also depends on risk,the companies are looking at risks in greater depth these days,and doing risk assessments on all commercial properties.

I could give you exact costs of increases on commercial and industrial properties,but won’t.
All I will say is I know many that have doubled or gone up over 50% over the last 12 months.
With the higher risk properties going up the most.
By higher risk it is generally related to what type of industry occupies the building.Or if the building is built or contains a high risk product.
Flood risk could come into it as well.

Speaking of things going up

Would you say a Fireworks factory would be Hi risk? One just exploded in India a few days ago & levelled the joint. Fortunately no one died but I don't know how they missed out but it was as flat as a Pancake. Still, they do like their Festivals with lots of bangs & sparks it follows that their gaff would stockpile lots of Gunpowder.:imwithstupid:

[Tins]

I was talking to a local shop owner today. His building insurance went from $16k last year to $25k this year. It's a concrete tilt up building - where they pour the walls on the ground then tilt them up. So it's probably a low fire risk and it's not in a flood zone.

Does he have a JLR product in the garage?

[4bee]

Does he have a JLR product in the garage?


WOT? For the fast get away?

[ATH]

It may have quite a lot of cold room panelling which is high risk,even the fire retarded newer XFLam is classed high risk.

But as Tombie has said,they have all gone up.

All to do with weather events,growing value of assets,increases in building and repair costs,and just general inflation.
I know it still doesn’t seem to warrant that sort of increase,but it is happening right across the insurance industry.
It also depends on risk,the companies are looking at risks in greater depth these days,and doing risk assessments on all commercial properties.

I could give you exact costs of increases on commercial and industrial properties,but won’t.
All I will say is I know many that have doubled or gone up over 50% over the last 12 months.
With the higher risk properties going up the most.
By higher risk it is generally related to what type of industry occupies the building.Or if the building is built or contains a high risk product.
Flood risk could come into it as well.

I've got a rellie who had to have the doorway entrance/exits surrounds into one of his shopping centres repointed with 'fireproof concrete' or something. I would have though all concrete was non burnable stuff but no doubt the bureaucrats know differently and made a regulation to reflect higher risks...40K later all done. Not a lot of money compared to many things but annoying more than anything as everything is always done to existing regs and better where possible.
AlanH.

[V8Ian]

It may have quite a lot of cold room panelling which is high risk,even the fire retarded newer XFLam is classed high risk.

But as Tombie has said,they have all gone up.

All to do with weather events,growing value of assets,increases in building and repair costs,and just general inflation.
I know it still doesn’t seem to warrant that sort of increase,but it is happening right across the insurance industry.
It also depends on risk,the companies are looking at risks in greater depth these days,and doing risk assessments on all commercial properties.

I could give you exact costs of increases on commercial and industrial properties,but won’t.
All I will say is I know many that have doubled or gone up over 50% over the last 12 months.
With the higher risk properties going up the most.
By higher risk it is generally related to what type of industry occupies the building.Or if the building is built or contains a high risk product.
Flood risk could come into it as well.
In other words, if you have a panel beater and cabinet maker, as tenants ,in a flood prone area, expect no discounts. [bigsad]

[4bee]

I've got a rellie who had to have the doorway entrance/exits surrounds into one of his shopping centres repointed with 'fireproof concrete' or something. I would have though all concrete was non burnable stuff but no doubt the bureaucrats know differently and made a regulation to reflect higher risks...40K later all done. Not a lot of money compared to many things but annoying more than anything as everything is always done to existing regs and better where possible.
AlanH.


Perchance they may have had concrete shattering in mind so if that shatters & there is combustible material behind it. Well **** happens. It must have been stipulated for some good reason though.
[smilebigeye] Maybe even the Gangstas using oxy cutting gear prior to a breakin ??????


I didn't get my Scout's Firefighters & Fireman's Badges for bugger all you know & I was on speaking terms with Jock White. Chief Officer at the time. He said "Is that your bike over there I said "yes it was" & JW said "Well shift it or one of my appliances may flatten it" :Thump::Rolling:

[scarry]

In other words, if you have a panel beater and cabinet maker, as tenants ,in a flood prone area, expect no discounts. [bigsad]
Commercial laundry or a shed full of cold and freezer rooms,such as food processing or cold storage,expect to pay huge premiums with large increases each year.
Also if the sheds have mercury vapour lights they also have to go,as they are considered a fire risk.
Rubbish bins at least 2M from any building walls,pallet storage the same,LPG forklift cylinders to be stored in suitable storage container in a specified place on the property, full fire system audit,and on it goes.

[Homestar]

Was listening on the radio this morning and they were talking about how there are many nightclubs now banning drinks on the dance floor as it has pushed premiums up too much.

One place said last year their insurance was $10K - this years renewal just came through at $60K. They’re considering shutting the doors and that’s going to happen for certain businesses.

[Tombie]

Was listening on the radio this morning and they were talking about how there are many nightclubs now banning drinks on the dance floor as it has pushed premiums up too much.

One place said last year their insurance was $10K - this years renewal just came through at $60K. They’re considering shutting the doors and that’s going to happen for certain businesses.

A couple in Adelaide have done just that… closed.

[scarry]

A lot of 4WD parks had the same issue.
Some closed.others got around the problem in various ways.

[4bee]

Commercial laundry or a shed full of cold and freezer rooms,such as food processing or cold storage,expect to pay huge premiums with large increases each year.
Also if the sheds have mercury vapour lights they also have to go,as they are considered a fire risk.
Rubbish bins at least 2M from any building walls,pallet storage the same,LPG forklift cylinders to be stored in suitable storage container in a specified place on the property, full fire system audit,and on it goes.

Hhhhmmmmm, someone is taking the **** Methinks. :rulez: :bat:


240V recessed overhead lamps (Downlights) will probably go as well then??? Must fit 12v Halogens.??



Have they experienced the heat of those lamps? Naaa, thought not. I wonder whether they have had claims or are just nit picking on some of these topics?? They better watch out as we will no longer need Insurance Coys.


My M n Law used to say You can tell who owns the expensive looking buildings in a street. Insurance Coys & Banks & not often was she right but I randomly tested this theory from time to time & found she was probably 100% correct. The probably didn't get their money paying out claims "so lets have some more exclusions & we might make a Motza. Stupid ****ers!

[p38arover]

Does he have a JLR product in the garage?

No. No cold rooms, either. Coffee shop.

[3toes]

Story on the paper here with people receiving court judgements for some quite large sums. They had been involved in a no win no cost type claim. Something has gone wrong and the solicitor handling the claim had gone bust

Insurance company was disputing their need to payout the claim wanting evidence that was held by the failed solicitor firm which they could not access and other party was seeking payment for court costs they had incurred defending against the claims

We would like to payout for you just need you to provide information that you do not have and never had. Once you supply the information required we will no doubt make a speedy payment

[Tins]

Something has gone wrong and the solicitor handling the claim had gone bust



Trading under another name? With insurers as clients? Or am I just getting cynical?

[4bee]

Trading under another name? With insurers as clients? Or am I just getting cynical?

OI! Know your place. I'm the cynical bastard here.:rulez: [bigrolf]

I suggest they start looking at the southern most tip of South America , he's done a runner

[p38arover]

Just received our home insurance renewal from AAMI. It's gone up 39% since last year to nearly $5,200!

That's criminal/extortion.

Just paid our car insurance and my motorbike insurance came today as well. (Mail delivery on a Sunday!)

That was in January 2024.

We just received our renewal for the house and Elisabeth's Forester.

House insurance (AAMI) is now $8,786! Last year was $5,779 - $3K or 52% increase. I rang them but they "can't" give me a better premium.

I got some other quotes (All quotes normalised for the same agreed value and excess):

NRMA 8,008
GIO $16,564

I still need to get some more quotes.

Car insurance - 2009 Forester insured with AAMI for $7,100.

All quotes normalised for the same agreed value and excess.

AAMi $909 (last year was $830)
Suncorp $735
Allianz $1,039
NRMA $779
GIO $520
QBE $920

We tried Compare the Market and most of the quotes are from companies that are, shall we say, less than desirable. Never from mainstream companies.

We've insured the car with GIO.

Oh, with car/bike CTP, we've found QBE to be the cheapest.

[sharmy]

Have you tried Youi ? Sometimes they are good other times not, but worth a try.

[p38arover]

Have you tried Youi ? Sometimes they are good other times not, but worth a try.

I've oft wondered if Youi are shonky.

[RANDLOVER]

What about Budget Direct IIRC they were rather generous in the infamous Ineos payout?

[sharmy]

I've oft wondered if Youi are shonky.
They are definitely not shonky, they built their own massive headquarters on the Sunshine Coast after leasing a large building for many years. My daughter worked for them for quite a long time.

[sharmy]

They are also quite fussy in what they take on, so in theory, allows them to offer lower rates.
,

[p38arover]

YOUI’s adverts make me think they are shonky - much like Budget Direct.

We know all the big players are shonky, they just have better ads.

[scarry]

I've oft wondered if Youi are shonky.

Probably 10yrs ago,someone ran into the back of the sons 110 Puma.

He was with youi,they said go to this panel shop,repair quote was around $3K.

He then went to another shop that we have used before,they specialise in LR repairs,quote was $8.5K,they said just the parts were over $2K

Anyway after some pushing and shoving the work was done at the panel shop that quoted the more expensive price.


Our work vehicles are through abroker,they are with Vero ATM.

The quote to fix the hail damage on my 4 month old van is well over $20Knew roof,bonnet,etc,etc.[bigsad]

Biggest issue is having it off the road for 4 weeks.

[p38arover]

Youi won't insure owing the risk of flooding.