Increased premiums when risk profile improves
Today i cancel my insurance with king price . I consider myself a super low risk person to insure , 17 years insurance without ever claiming, i purchased a motorcycle and initially insured the bike having a learners which was fine, then now that i have have obtained my actual drivers license considers me a higher risk and increased my premium .
Helpful (0)
Replies (1)0
Replies (1)
King Price Insurance's replyOfficial
25 Jul 2023, 10:21Here's the thing, like all insurers, we too need to implement policy rerates to keep up the rising costs of parts, labour rates, repairs, inflation etc... Which even we can't ignore!
We will be in contact to discuss your concerns and the way forward.
We will be in contact to discuss your concerns and the way forward.
King Price Insurance's reply25 Jul 2023, 10:21
Official
Here's the thing, like all insurers, we too need to implement policy rerates to keep up the rising costs of parts, labour rates, repairs, inflation etc... Which even we can't ignore!
We will be in contact to discuss your concerns and the way forward.
We will be in contact to discuss your concerns and the way forward.