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Why have my premiums gone up?

There are many different factors that make up insurance premiums, some of which may or may not be within our control.

Things that may affect your premiums are:

  • Claims throughout the previous insurance period
  • Government levies increasing at the Governments discretion
  • Location
  • Increase in sum insureds
  • Increase repair and replacement costs for vehicles, buildings and contents
  • Reinsurance costs due to global catastrophe events
  • National Catastrophe events like Bushfires that may affect the pricing of Fire insurance

Premium increases are always considered with a great deal of thought and are never an easy decision to make. If you have any concerns about your premiums please feel free to contact our friendly team.

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