Skip to main content

Natural disasters cause home premiums to rise by more than 10 per cent

The Motley Fool's Chief Investment Officer Scott Phillips says home insurance premiums have increased by 10 to 14 per cent in many parts of Australia amid an influx of natural disasters. "The average home and contents policy, half a million dollar house, 50 dollars in contents, up 14 per cent year on year," Mr Phillips told Sky News Australia. "It's those natural disasters that have pushed it up, it's not bad enough that we've had bushfires and floods and COVID and everything else. "Insurance is looking around saying, 'guys this is costing us a small fortune, we're going to have to start to put these up'. "The bottom line is, wages aren't going up, inflation's not going up and yet insurance premium's up 10 to 14 per cent in many parts of Australia." Via news.com.au — Australia’s leading news site https://www.news.com.au
Labels:

Comments

Post a Comment

Popular posts from this blog

Kate slams KIIS FM after radio departure

Langbroek currently co-hosts The 3PM Pick Up on KIIS FM with Monty Dimond and Yumi Stynes, but it was announced last month that the show would not be returning in 2023.It was Dimond who broke the news of the show’s departure, writing on Instagram: “After 8 years of doing the @3pmpickup on the wireless it’s time to hang up the headphones. “Bummer that the big wigs at KIIS couldn’t present acceptable terms for us to move forward”.Langbroek elaborated on Dimond’s comments in an interview with news.com.au’s podcast, I’ve Got News For You.Kate Langbroek reveals her most shocking TV momentWhen asked what happened between KIIS FM and The 3PM Pick Up, Langbroek said: “Well, look, I’m just gonna say this: Sometimes you just can’t come to terms. And if you can’t come to terms, it’s best you part ways.”When pressed for more information, Langbroek hit out at the radio station for treating some of their talent better than others.“What they do with their radio station is their business and it’s no s...
Post a Comment
Read more