When we took our bond with FNB the contract stated Outsurance were the insurance providers.
We were supposed to sign and accept their premium, this never happened. We questioned on many occasions, why we were paying such high premiums..Answer was always"That is the charge".
We finally challenged FNB's contract with advice from our attorney, regarding outsurance.
Our house with a market value of less than 2 million, we were being charged R 4350.00 per month.
Hippo enquired for 5 quotes from different companies. All came in at around R 420.00 per month.
For approx 6 years Outsurance have been increasing our premium by approx 49% per annum.
Public must be made aware... Check Outsurance and the people assisting them to lock in clients.
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