1 reviews | Active since May 2024
Shocked by 42.9% Premium Increase
I am extremely disappointed with the recent 42.9% premium increase app**** to my policy. As a loyal client for 22 years, I have always valued the service provided by Momentum Insurance, but this increase is shocking and unsustainable.
Since the last premium adjustment, I have only made one claim. This substantial hike feels arbitrary and does not reflect reasonable market adjustments or inflation. It seems to disregard the loyalty of long-standing clients like myself.
If I am expected to face increases like this every year, it is simply unfair and unsustainable. Where does one end up with such exorbitant increases annually? If this situation is not reconsidered, I will have no choice but to cancel my policy, as I cannot afford these kinds of hikes.
I urge Momentum Insurance to review this decision and provide a more reasonable adjustment that acknowledges the loyalty of clients and the current economic challenges we all face.
Thank you for bringing your concerns to our attention. We are really sorry to hear about your dissatisfaction with the premium increase. Please give us an opportunity to look into this matter and a team manager in our retentions team will contact you.
Kind Regards
Qhakazile
Thank you for bringing your concerns to our attention. We are really sorry to hear about your dissatisfaction with the premium increase. Please give us an opportunity to look into this matter and a team manager in our retentions team will contact you.
Kind Regards
Qhakazile
