Insurance keeps going up

OUR household premiums have risen from $364.43 for house and contents in 2006 to $2731.64 in 2018.

There have been no claims in that period of time. The property was purchased in 2006 for $287,000.

Searching around for better insurance options as follows:

RACQ Val $250,000 premium $2531.58, Suncorp (who will only insure for a minimum of $357,000) premium $3868.40, CGU valuation of $357,000 premium of $2731.64. an increase of $442.80 from the previous year’s policy. All policies have a $1000 excess.

The current Member for Leichhardt Warren Entsch has been advocating for a mutual (so far known as PICNIC).

Can Mr Entsch please provide a single example where this “mutual system” has worked?

Re-insurance backed by governments has proved to be successful in Europe and the UK.

This involvement by government attracts private competition big time.

In the Federal Government’s Terrorism Fund there is $4 billion locked in with another $10 billion in reserve.

Finally. Why is it that there is no “National Insurance Fund” to cover all our natural disasters in our wonderful country? Karin Pollard, Wangetti 1873: The first edition of the Northern

Territory Times is published. 1972: US President Richard Nixon is reelected. 2011: Michael Jackson’s doctor, Conrad Murray (above), is convicted of involuntary manslaughter after a trial that painted him as a reckless caregiver who administered a lethal dose of a powerful anaesthetic that killed the pop star. 2015: Trade Union royal commission clears Bill Shorten of wrongdoing during his time at the helm of the Victorian AWU. 2017: US President Donald Trump arrives in Seoul and urges North Korea to “come to the table” and “make a deal”.