Outsurance
Premium up after becoming less risky client

Business & Finance

Hi there

I updated my details on Friday as I will be moving at the end of the month from Kraaifontein to Burgundy Estate, which is a area with much less crime, it is a estate with 24 hour armed response riding around the area. The scooter premium went down by 10% which I accept as fair as it is pretty low already. My car premium went down by like 50c drop. The vehicle use to stand in the open over night in a complex in Kraaifontein, from the end of the month it will be in a locked garage in Burgundy estate with 24 hour armed response in the area. I see this as a lot less risky and expected a lot more than a 50cents drop. My biggest problem came with my household contents cover which over doubled, sure I am now on the ground floor with no electric fencing, but I will have a security gate on both doors which I didn't have and I will be in a area which is much safer and has much less crime and that is a fact I am not just saying it and has 24 hour armed response around the area. I can not understand how my premium over doubled on my household contents, please can you look into this as it does not make any sense. Thanking you in advance.


Company: Outsurance
Country: South Africa
City: Outsurance
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