Local insurance premiums might include climate change risks soon

Mine went up 81% and then they slapped on Excess where previously I never had one, with the comments that dont worry, we wont raise your premium past the 81%.

And why did it go up? Because my car was parked at home, and an idiot without insurance crashed through my yard, driving straight into the back of my car doing R180 000 damage to my car, yet alone damage to my fence, and house. All because the idiot was looking at his cellphone while driving.. and the best part.

He had no insurance.

But it gets better. My insurance company said that seemingly he doesnt have enough money to pay for the damage done, so they chose not to pursue him. Yet his BMW X5 that he had just bought was all fixed up a week later. And instead my premium got raised twice in a year, with the latest the 81% because of climate worries.

So now I am paying R1300pm for vehicle insurance that cost me R420pm a year ago. All because this idiot and a climate.
 
More of this crap.
 
Corelli said:
Mine went up 81% and then they slapped on Excess where previously I never had one, with the comments that dont worry, we wont raise your premium past the 81%.

And why did it go up? Because my car was parked at home, and an idiot without insurance crashed through my yard, driving straight into the back of my car doing R180 000 damage to my car, yet alone damage to my fence, and house. All because the idiot was looking at his cellphone while driving.. and the best part.

He had no insurance.

But it gets better. My insurance company said that seemingly he doesnt have enough money to pay for the damage done, so they chose not to pursue him. Yet his BMW X5 that he had just bought was all fixed up a week later. And instead my premium got raised twice in a year, with the latest the 81% because of climate worries.

So now I am paying R1300pm for vehicle insurance that cost me R420pm a year ago. All because this idiot and a climate.
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Get quotes and move underwriters, I argued against a recent increase in our premiums due to recent claims, successfully. I don't agree with the argument that you pay a premium so that you can claim and then when you claim, the premium that you paid so that you could claim, logically goes up. Even more so in your case when you weren't even remotely to blame for the claim, neither the cause leading to the claim nor the fact that the cause of the claim was uninsured.
 
I cannot believe that Santam have not already factored in storm damage- it sounds like an excuse to increase premiums to make up for previously sub standard underwriting. Time to look elsewhere....
 
Sounds like an excuse for price increases.

Is not like we are insuring crops or lifestock against drought or flood damage.
 
Insurance companies have been taking the piss for a few years. Any bullsht excuse to increase premiums.
 
Swa said:
Even so is this study accurate? What was measured and how was it measured? Were the principles sound? Regardless of that someone will pick up this study and try to vilify home plantation.
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There are two points here:
1. This is not some nefarious plot by the WEF to vilify home grown food.
2. From the study, large scale agriculture achieve economies of scale, not easily achieved by home growers. This is not a difficult calculation. If I calculate the cost of a tomato grown at home, vs one bought at Spar, I can't win if it is only a financial calculation. Other factors swing the equation towards home grown, but you have to make a serious effort to nudge the climate part in the right direction.
 
maeztro said:
There are two points here:
1. This is not some nefarious plot by the WEF to vilify home grown food.
2. From the study, large scale agriculture achieve economies of scale, not easily achieved by home growers. This is not a difficult calculation. If I calculate the cost of a tomato grown at home, vs one bought at Spar, I can't win if it is only a financial calculation. Other factors swing the equation towards home grown, but you have to make a serious effort to nudge the climate part in the right direction.
Click to expand...
Yes but economies of scale does not necessarily mean friendlier. It's all dependent on the practices employed and I think formal agriculture has actually been pushed to be more carbon neutral. But regardless of that someone will use it to push towards large scale agriculture all for an unproven climate agenda when the study isn't necessarily accurate.
 
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