Home & Contents Insurance renewals...

Our H&C has quadrupled in the last 3 years. 100% increase from last year to the renewal that just came in. From $2000 to almost $4300

I think we have been put on some kind of flood database (we back onto a small creek in suburban Sydney). Could not even get a quote from many insurers. Allianz quoted us $7500.

Faark fark fark
 
I paid my 3.4k premium last night, feel dirty about it. Small consolation was they have now listed my business and all of the office stuff is covered under general contents. Upped the total contents value as well, when I did the walk around and read what’s included in the pds I think we were under insured!

Time for another go round, and this time the premium has come back at $4348, which represents a 27.5% increase. Cunts.

Sum insured for building and contents increased by 5% and 4%, respectively.
 
Time for another go round, and this time the premium has come back at $4348, which represents a 27.5% increase. Cunts.

Sum insured for building and contents increased by 5% and 4%, respectively.
Most people I know have been reporting similar jumps this year, but it definitely doesn't hurt to shop around!
 
CAUTION: There is a current phone scam involving H&C insurance.

First, there will be a call come through to your number, likely from Sri Lanka, but could be from anywhere. If you answer it, your number will be registered as active.

Second, you will get a call from a local number saying that it's XXXXX insurance company calling because there is a problem with policy renewal and you may be uninsured. They will ask you to identify yourself with the normal processes - they sound very authentic. I gave them a fake date because I wanted to see what data they had on me. They had my name, phone number, email address and an address from about 8 years ago.

I assume from that point, they will get your CC or account details and ask for an immediate payment to ensure that you are not uninsured.

I answered the call from Sri Lanka as I wanted to check the scam out. But if you don't want to be bothered by the scammers, don't answer calls from Sri Lanka or other countries were you don't know anyone. This might be a relatively old scam, I only became aware of it a week ago.
 
Car insurance related rather than home and contents, but here's a weird one...

I'm picking up a new (used) car today, so rang up the insurer to update the details. New car is 5 years newer and valued/worth $10K more than the old one, but I get a credit for $41? (Almost exactly halfway through the current 12-month policy too...).

I mean no worries, works for me - but wasn't what I expected! o_O
 
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