Budget Direct welcomes Channel Nine’s recent coverage exposing the extraordinary price hikes major insurers are forcing some Queensland homeowners to pay, with dramatic increases of up to 700 per cent.
Budget Direct’s CEO Ram Kangatharan said “Insurance hikes hit Queenslanders” broadcast last night on Channel Nine News demonstrated how insurers were giving customers no option but to pay for flood cover on their home.
“The fact is, that more than ninety per cent of Australia is not at risk of flooding, so why should people have to pay for flood cover if they don’t want or need it?” Mr Kangatharan said.
“Many insurers have made flood cover mandatory for their customers whether they want it or not.
“People believe they have no choice but to get insurance with flood cover when the truth is, they can actually avoid paying big increases by coming to Budget Direct.
“Budget Direct doesn’t offer flood cover and those customers who don’t need it don’t have to pay for it.
“Naturally, if you live in a flood prone area and you need flood cover we recommend you shop around to find the best deal.”