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183 days ago

Insurance premium increase inconsistency

Chris from Mairehau

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

More messages from your neighbours
20 days ago

What's your favourite recipe for gooseberry?

Mei Leng Wong Reporter from NZ Gardener & Get Growing

Love gooseberries? Share your favourite way to enjoy them. We're looking for our readers' favourite family recipes for this delicious crop. Send yours to mailbox@nzgardener.co.nz, and if we use it in the magazine, you will receive a free copy of our December 2024 issue.

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1 day ago

Poll: How should Guy Fawkes be celebrated?

The Team from Neighbourly.co.nz

While it is a fun occasion, fireworks on Guy Fawkes Night has caused much conflict over the years, upsetting our pets and disrupting the sleep of neighbours.

How should we celebrate Guy Fawkes Night? Vote in our poll and share your thoughts below.

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How should Guy Fawkes be celebrated?
  • 28.4% With a city-wide public fireworks display
    28.4% Complete
  • 20.4% Small fireworks displays in each community
    20.4% Complete
  • 7.7% Keep it as is
    7.7% Complete
  • 32.7% We shouldn't celebrate it!
    32.7% Complete
  • 10.5% Anything but fireworks
    10.5% Complete
  • 0.4% Other - I'll share below
    0.4% Complete
1900 votes
9 hours ago

Leaked IRD Info

Gareth from Burwood

Just an update for anyone that missed it...
The IRD has backed down, thanks to all those that contacted them re this issue.

www.rnz.co.nz...