Thread: Home insurance increase

Originally Posted by 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.

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?"

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

Originally Posted by V8Ian

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

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



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.

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

A Scooter not a Bedroom. That would be silly.

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.

Originally Posted by Roverlord off road spares

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.

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.

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.

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.