News

Insurance blow-out a shock

Lance Rushby is one of many bemused by the large increase in insurance costs.
Lance Rushby is one of many bemused by the large increase in insurance costs. Rob Wright

WHEN Middle Boambee resident Lance Rushby opened the envelope to read the cost of his house and contents insurance for the next year, he couldn't believe his eyes.

The 82-year-old's premium had risen by $866, or more than 60%.

"I can afford to pay the insurance, so that's not my worry; the point is there's so many people who can't," he said.

"A large percentage of people would be on a pension or are self-funded retirees."

Being a resident in the home he built 30 years ago, Mr Rushby said he's been wondering why the rise in insurance premium is so large.

"Are they money-grabbing or are they in strife?" he asked.

"Financially they should be all right because their share price hasn't changed much in the past five years."

Mr Rushby is a gold card member with the NRMA and despite finding other insurers who offered cheaper quotes, he said he'll stick with his long-term insurer.

"Australia Unity was about $200 cheaper but I will stay with them (NRMA).

"They've been pretty good over a while but a 60% rise is a joke."

Has your insurance premium skyrocketed? Let us know below.

Topics:  insurance, nrma, premiums



Cycle Challenge offering an historic ride

The Coffs City Rotary Coffs Coast Cycle Challenge is being held this year on the weekend of August 13 and 14.

'Old' highway the route for this year's Coffs Coast Cycle Challenge

Coffs model is Face of Origin

STUNNING: Tahlia Hall (second left) of Coffs Harbour was named the NSW winner of the Face of Origin 2016.

Coffs beauty is Face of Origin

Turning wine into water during Dry July

DRY JULY: As a participant in this annual fund raiser for cancer patients, Jo Symons has happily swapped alcohol for water.

Turning wine into water during Dry July

Latest deals and offers

Reno stars want tradies to focus a little more on one thing

The Demmrichs want Tradies to look after their most important tool

Day 2 Splendour Pictures

Sticky Fingers perform at Splendour in the Grass 2016. Photo Marc Stapelberg / The Northern Star

Splendour in the Grass Day 2 covered in pictures.

WATCH: News reader tries her hand at hardcore shooter, Doom

Veteran journo and noob gamer takes a shot at Doom

What's on the small screen this week

MasterChef Australia's final four contestants, from left, Harry Foster, Elena Duggan, Elise Franciskovic and Matt Sinclair.

MASTERCHEF makes way for The Bachelor on Ten's reality TV slate.

Guy Sebastian a hit at Splendour in the Grass

Guy Sebastian performs at Splendour in the Grass with Paces.

REALITY TV judge a hit with festival crowd.

Superheroes of the big screen enjoy sounds of Splendour

CHRIS Hemsworth and his Avengers mates drop by Byron festival.

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

A home rich in history looking for a new owner

HISTORY: The circa 1920s home is being sold for the first time in 90 years.

Circa 1920s home being sold for the first time in 90 years