this post was submitted on 13 Dec 2023
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Contents insurance up 33% for us. Is this common? (self.newzealand)
submitted 11 months ago by sylverstream to c/newzealand
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We've got contents insurance with AA and from next year we'll be paying 33% more. We have had 2 claims for a different policy this year, one at fault, one not, and they said it wouldn't impact our premiums. Is this common for everyone? I understand it goes up because of all the floods, but 33% is very significant.

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[–] Dave 1 points 11 months ago (1 children)

One thing often overlooked is that your contents insurance is also where your liability insurance lies. So it's not just for your stuff, but also in case one of your trees falls on the neighbour's Lamborghini, or you're otherwise responsible for property damage of someone else's stuff.

Contents insurance is important. If you're trying to self-insure then just put your excess high and the contents insured value low.

[–] absGeekNZ 2 points 11 months ago

Good point