I am going to renew my car insurance coming month got shock when
receive my renewel quatation, increase of more that $200 from my
last policy. I ask them why, below are some of their
reply can't make understand or just a reason. Anybody have
come across the same problem. Where can't i get the statement
that they claim escalating claim cost among pivate car?
This revision is
due to escalating claim costs among private cars and was necessary
so as to keep our plans sustainable. The Motor Industry suffered
losses exceeding $100 million in 2007.
The
increase in premium for our policyholders vary depending on the
risk factors such as vehicle model, vehicle capacity, age,
driving experience, occupation and claim experience
etc
