Cost of living pressures are catching up to Australian homeowners. Roy Morgan reports that customers are becoming more likely to avoid loyalty tax by shopping around instead of automatically renewing their home insurance policy.
There’s a general distrust of home insurance. After all, “Isn’t it better to save your money for a rainy day instead of spending it on a policy?”
A new Actuaries Institute report reveals just how catastrophic natural disasters have been to the cost of living. Home insurance premiums in Australia surged 46% in the last year, primarily due to frequent, dangerous, and costly floods and cyclones.
Having an emergency financial backup plan for your home and valuables just got more expensive, at a time when the cost of living already bites hard.
Two is better than one, eh? With insurance premiums climbing, many Australian policyholders have tried to find cheaper insurance, whether it’s raising their excess, decreasing their coverage, or combining their policies.
After the catastrophic 2020 Black Summer bushfires, home insurance has been on the minds of many Aussies.
Young renters often forgo the added expense of contents insurance. Common excuses include, “My stuff isn’t worth that much,” or “I’d rather just save the money for a rainy day.” But you’d be surprised how quickly all your worldly possessions add up.
Rain, leaves, and mushrooms: Autumn in Australia is certainly a mood. But cooler weather also means new hazards for our homes and valuables.
When you’re planning a trip, there’s a lot to get organised. But one of the more overlooked parts of planning your travels is what to do about your home and contents insurance.
New customer discounts are nothing new, especially in insurance. It’s part of the way businesses lure people in. If you sign up for a new home insurance policy, particularly one combined with contents or car insurance, you can usually expect between 5% - 20% off your first year’s premium.