How a drop in Illawarra Break and Enters might have an effect on your home insurance – Illawarra Mercury

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If your home insurance needs to be extended, you may be able to negotiate a discount. The Bureau of Crime Statistics and Research shows that the Wollongong area has decreased the number of break-ins and home break-ins by 23 percent over the past two years. Read more: A new Wollongong boutique tea shop is emerging amid the pandemic. Over the same period, the number of home break-ins in the Shellharbour area has decreased by 33 percent. As a result, some people have reported receiving a reduction in their home insurance premium this year. A spokesman for the Insurance Council of Australia said the home insurance and home insurance premiums are based on the likelihood that the policy will be drawn in the future and could change from year to year. "Insurers take into account many different factors when calculating premiums and can reduce a premium if certain security measures are taken," said the spokesman. "It's always worth calling the insurer about the extension to talk to him about the risk profile of the property and the individual circumstances." We rely on subscription income to support our journalism. If you are able, please subscribe here. If you are already a subscriber, thank you for your support.

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If your home insurance needs to be extended, you may be able to negotiate a discount.

The Bureau of Crime Statistics and Research shows that the Wollongong area has decreased the number of break-ins and home break-ins by 23 percent over the past two years.

Over the same period, the number of home break-ins in the Shellharbour region has decreased by 33 percent.

As a result, some people have reported receiving a reduction in their home insurance premium this year.

A spokesman for the Insurance Council of Australia said the home insurance and home insurance premiums are based on the likelihood that the policy will be drawn in the future and could change from year to year.

"Insurers take into account many different factors when calculating premiums and can reduce a premium if certain security measures are taken," said the spokesman.

"It's always worth calling the insurer about the extension to talk to him about the risk profile of the property and the individual circumstances."

We rely on subscription income to support our journalism. If you can please Subscribe here. If you are already a subscriber, thank you for your support.

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