You do realise the incestuous relationship between Insurance companies and Banker’s coupled with our government’s complicity with these institutions is to blame?
That’s “across the spectrum” and i’m not pointing at the left or right, both are equally complicit.
Loyalty means nothing to Banker’s and it shouldn’t mean squat to you.
You’ve gotta Shop around, all those thieving bugger’s will give a Turncoat a Sweet Deal for a year or two.
All you’ve gotta do is put yourself through the pain of switching your insurance company every couple of years.
It works with Banking too, although I reckon the pain would make it worth sticking with a bank for around 5 years before switching.
I had one insurance policy on my house that nearly doubled in the early 2000’s and the excuse was Flooding.
I think it was because of Queensland flooding or NSW flooding, I asked them how it relates to insuring a house 200 kms from Perth in close proximity to Thirsty Point when they asked me why I had dropped them.
Don’t be an idiot, be proactive.
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