Friday, May 3, 2013

Price gouging and an industry collapse

I got a quote for the flooded house in Gundagai from another insurance company and guess what. They knew of the flood damage at the house and the premium is the same as Not Right My Assessor (NRMA) is this collaboration or just plain price fixing by the insurance companies. $1698.00 would be the damage to my bank account I figure in ten years with out any problems I could build another tiny house for less.
The insurance industry has priced it's self out of a job and the industry is on the brink of collapse. Remember these are my opinions and I see them coming true in the very near foreseeable future.

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