‘Not a good idea’: Economist warns Australians of ‘getting out’ of insurance
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- Опубліковано 27 кві 2024
- Judo Bank Chief Economic Advisor Warren Hogan says it’s not a good idea to remove your insurance, whether it be house or health.
“It’s a sign of this pressure that’s on household budgets,” Mr Hogan told Sky News Australia.
“Of course, insurance is one of those big domestic inflationary points.
“They’re up 16 per cent in the last year.
“I’d be careful on going short on or getting out of too much insurance because that can really hurt some stage down the track.”
Pay insurance or eat. I know which way I'd go.
They just drain you take take take.
So how are those Net Zero energy policies working out for you Australia?
We pay $576/ Month under RACQ for home & contents (double story brick on 2.5 acres).
I havent been able to understand why it costs so damn much, and many other insurers are much cheaper (suncorp quoted $776/ month).
Everything in this country is a damn joke...
Yeah my life insurance is out of control thinking we will reduce it or cancel it all together ...Having to think about taking out a personal loan to do one year of life insurance is not viable!
Yep and government's can't keep out of your pockets
All interested rates on homes cars
Then insurance on cars and medical which all gone up as well
People just dont have the money to pay it
My rates went up $400 this term $200 last year and water sewerage all go up as well
On top of food fuel electricity clothes while more unemployed almost a million
Which is about what he's brought in migration so most havent got jobs but burdens then
Relevant issue private health insurance almost unaffordable for families.
Be careful no insurance doesnt void the mortgage at the Bank. Get some advice first from Accountants etc. Theres also the Bushfire a nd Flood Maps outthere, so might be worth downsizing to an area where insurance was less.
The increasing number of Australians living in strata title buildings in major cities can't opt out of building insurance, because owners' corporations will always insure the building, usually via a strata manager.
Insurance, cocaine, what's the diff'? They both make you feel better.
Buy milk and bread or pay assurance..? Car assurance expensive house assurance very expensive.. I stop paying all my assurance. In 20 years I will save 40.000$…
Ok we will stop eating our caviar and lobster to keep our insurance
Governments encourage home owners to drop building insurance. Witness the bushfire victims where insurers spent years fighting claimants. Meanwhile governments contributed to rebuilding the homes of the uninsured.
The financial advisor is a Taurus, the zodiac sign best at budgeting,
Labor= high debt, inflation, spending ,immigration, waste and therefore , pain.
Inflation moves the money from the pocket of small people into the coffers of big banks and financial services, what’s not to like to those who make decisions?
Rising insurance costs are the least of our worries. The cost of living is going to continue to go higher and higher for many reasons (food, water, energy, petrol, rates, interest rates, etc.). Forget the official inflation rate - it's a fudge. The real inflation rate is much higher. So, what's the answer? The usual one - a reset as a result of a deep recession or depression.