HUGE annual premium increases

Although Virseker offers a very competitive initial premium, I found that they apply a huge annual increase every year. Without having any claim (approved claim), they increased my premium over the past 4 years with 22% (twenty two percent) every year on the same house in a up-market security complex (Somerset West) - while the published annual inflation rate was less than 6%. <br> <br> It started off with R345.24 per month (Aug 2011). July 2015 (with the same increase app****) it would have amounted to R761.27 - more than double (2,2 times) the initial premium in less than 4 years. You may want to check the increase in premiums they apply on your policy. You may find it acceptable, I certainly did not. Your annual increase may also be different to mine.<br> <br> I lodged a small claim last year (about R3800, less the excess of about R1400 = R2400 approx.) caused by a storm wind. Virseker refused paying, claiming that the damage was caused by a lack of maintenance. Right or wrong, I ended up paying for the repairs myself.<br> <br> I cancelled the policy.<br> <br>