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."
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