This joint submission from Financial Rights Legal Centre and Consumer Action Legal Centre responds to the NSW Emergency Services Levy Insurance Monitor’s ‘Standard profile quotations Mid-term review, Discussion Paper, April 2018’ in relation to home insurance. It comments on:
- The relative consistency of cover and difficulties in comparing cover.
- Our support for meaningful standard cover, standard definitions, component pricing, prior-year pricing on renewal notices and explanations of renewal premium increases.
- Further information on premiums which the Monitor should collate.
- Treatment of price discounts.