My premium has increased but I have not had any claims?
Posted on 09 January, 2019
Australia has a problem with a very small premium pool (2% of the world market) and a high natural disaster claims occurrence such as storms, floods, bush-fires (well in excess of 2% of the world market). Accordingly, premiums need to rise across the board to sustain the insurance industry in Australia.
However, you can be assured that we research the insurance market constantly to ensure that we offer you the best value policy available in our opinion on renewal each year and we will recommend a change of insurer when that is warranted.