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Rapidly escalating cost of insurance unveiled

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Insurance Business | 15 Oct 2012, 12:03 AM Agree 0
A research group has compared 41 insurers and 104 policies using 10,000 individual quotes to reveal what Australians now pay for home and content insurance. Are you getting your clients the best deal possible?
  • Jacob | 15 Oct 2012, 12:51 PM Agree 0
    Does anyone know if the premiums are inclusive of government charges or exclusive? It is not withing the report on the CANSTAR's website.

    It was also worth noting these are quotes from Direct Insurers only, so companies like QBE, Vero, and Lumley arent in the report at all; and the CGU and Allianz products are the Direct to the consumer Products.
  • Robert Cooper | 15 Oct 2012, 01:07 PM Agree 0
    There is still alot of competition particularly from the direct market and probably has been under-priced for years.

    The main trouble with increasing premiums is the under-insurance issue. Most policyholders do not have enough cover and this just adds even more to the premium if they are advised to increase their limits. The direct insurers would certainly not be giving such advice.

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