DS
Denzil S

1 reviews | Active since Oct 2023

03 Oct 2023, 07:42

Unhappy with 25% Increase on Ins. premium from Naked Ins

Just been given a 25% increase on my insurance premium and was told that if I didn’t like it then I should look else where.. At this rate my premium would double in 3 years

0
Replies (1)
Naked Insurance
Naked Insurance's reply03 Oct 2023, 08:30
Official
Hi Denzil, thanks for raising your concerns with us. It's important to clarify that we conduct regular reviews of our pricing, typically on an annual basis. This meticulous process ensures that we align our premiums with the level of coverage we offer. As a result, a review can lead to premiums going up, down or staying the same. We aim to have our annual renewals as fair as possible and this approach is app**** to all clients whose premiums are renewed with us. 
 
The aim of our renewal process isn't solely centered on increasing premiums. We carefully assess and adjust them to ensure they accurately reflect the value and coverage you receive.

Please reach out should you have any further questions. We are more than happy to assist.