- This topic has 1 reply, 2 voices, and was last updated 8 months, 2 weeks ago by .
A trend has been noticed in USA for insurers to be picky about the risks they underwrite, with the result that homeowners in areas susceptible to hurricanes (like Florida) or bushfires (California) can’t get insurance. This is quite a different issue from the higher premiums which are to be expected for the higher risk. See, for example the Building Integrity channel on YouTube.
Is this happening here in NSW? Our broker reports that four insurers “declined to quote” for our renewal this year. And one grudgingly refused to quote for one year but has insured us for six months. They’re putting pressure on us to accelerate our programme of window replacement which prima facie has nothing to do with insurance. What’s going on? Do we need a government-run insurer to ensure that cover is always available?
- This topic was modified 8 months, 2 weeks ago by .
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