We purchased our first home in mid-2008, just one month before the Global Financial Crisis would hit. Naturally, we wanted and needed to insure our property and contents; we were also required to do so at the moment we signed our home loan, so had little time to hunt for deals.
Given little option, we decided to sign up with our private health insurer who we knew offered policies as well as discounts for multi policy. And so, we never thought to look elsewhere since to see whether we were getting value for money.
Just last week I received a letter in the post to say non-health related insurances would no longer be offered from mid-year. Little notice and inspiration to start looking around. Imagine my surprise the extremity of difference between what we were paying and what another well respected vendor was offering, almost $1,000 per year less; I was flabbergasted and quite annoyed I’d been ripped off so significantly.
Despite my health provider starting they’d be transferring us to NRMAi am happy to assure them that is not going to happen, I’m dumping them this week for RAC.
It truly pays to review your insurances regularly, my laziness has cost me dearly for years; no longer.