I’m looking for people who have had experience with home insurance in northern Australia: be it FNQ, the Pilbara, NT. We know the further north you go the further north your premium climbs, and I’m keen to hear from people who live there how they deal with it.
We’re currently updating our home insurance review and I’m staggered at some of the quotes we’re receiving for pretty run-of-the-mill Queensland homes.
- Has anyone had their premiums jump right up on renewal, or simply had their insurer refuse to cover them another year?
- Have you ever tried to mitigate your risk - for example by removing that dangerous tree in your yard - to reduce your premium? How did your insurer respond?
- Ever had any luck trying to negotiate a lower premium on renewal? I know we tell people to try that but I imagine it’s a lot harder to haggle when there’s less competition.
- Have you ever had to make the decision to underinsure in order to reduce your premium?