OHbaby! Forums : Low or High? https://www.ohbaby.co.nz/forum/ Copyright (c) 2006-2013 Web Wiz Forums - All Rights Reserved. Mon, 06 Apr 2026 19:03:14 +0000 Tue, 23 Nov 2010 15:22:21 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 12.05 360 https://www.ohbaby.co.nz/forum/RSS_post_feed.asp?TID=36806 <![CDATA[OHbaby! Forums]]> https://www.ohbaby.co.nz/forum/forum_images/web_wiz_forums.png https://www.ohbaby.co.nz/forum/ <![CDATA[Low or High? : an easy way to think about it...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1206300&title=low-or-high#1206300 Author: amme_eilyk
Subject: 36806
Posted: 23 November 2010 at 3:22pm

an easy way to think about it is that if your house burned down tomorrow, how much do you have sitting in your bank account right now that you could use to make a claim. With the insurance excess, you really need that money sitting in your bank account at all times.]]> Tue, 23 Nov 2010 15:22:21 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1206300&title=low-or-high#1206300 <![CDATA[Low or High? : Just as an aside, if you go with...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1206249&title=low-or-high#1206249 Author: GuestGuest
Subject: 36806
Posted: 23 November 2010 at 2:34pm

Just as an aside, if you go with State they offer a pay out in their house policy at full market value if it's a write-off, others don't. That has been invaluable to us after the quake but you don't tend to look for things like that in your policy when signing up because you think nothing bad is ever going to happen. ]]> Tue, 23 Nov 2010 14:34:29 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1206249&title=low-or-high#1206249 <![CDATA[Low or High? : cool - thanks for sharing guys....]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1206188&title=low-or-high#1206188 Author: Bizzy
Subject: 36806
Posted: 23 November 2010 at 1:50pm

cool - thanks for sharing guys. after thinking more about this i definitley dont think that a $1000 excess is something i would be comfortable with... ]]> Tue, 23 Nov 2010 13:50:29 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1206188&title=low-or-high#1206188 <![CDATA[Low or High? : Ours is also quite low, not sure...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1206030&title=low-or-high#1206030 Author: MyPeas
Subject: 36806
Posted: 23 November 2010 at 10:30am

Ours is also quite low, not sure exactly what it is but only a couple of hundred at the most, think it was the standard option.

I think it also depends on the insurance company and type of insurance as I think I've seen car insurance quotes where the premium doesn't really reduce much for an increased excess.

As others have said you'd need to weigh up the risks and benefits of any possible premium savings vs increased excess.]]> Tue, 23 Nov 2010 10:30:11 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1206030&title=low-or-high#1206030 <![CDATA[Low or High? : I actually can&#039;t remember...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205949&title=low-or-high#1205949 Author: clover
Subject: 36806
Posted: 23 November 2010 at 8:57am

I actually can't remember but I think it is $250. Insurance is all about risk. If you're willing to take the higher excess to bring down the premium the risk is that you'll have to pay more if you need to make a claim, or not claim on things that won't be worth while like a camera or tv. The flip side is that if you don't make claims at all you've not "wasted" so much dead money.

Insurance coverage basically comes down to a persons risk tollerance, some people will be heavily insured, some will have limited or no cover. You really just have to go with what you are comfortable with.]]> Tue, 23 Nov 2010 08:57:23 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205949&title=low-or-high#1205949 <![CDATA[Low or High? : ours is $300. I have a nil excess...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205940&title=low-or-high#1205940 Author: mummy_becks
Subject: 36806
Posted: 23 November 2010 at 8:41am

ours is $300. I have a nil excess on my health insurance and pay a little bit more than someone else on the same plan just to not have to worry about the excess when claiming.

]]> Tue, 23 Nov 2010 08:41:45 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205940&title=low-or-high#1205940 <![CDATA[Low or High? : ours is 200 i think and we complete...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205900&title=low-or-high#1205900 Author: Kazzle
Subject: 36806
Posted: 23 November 2010 at 7:43am

ours is 200 i think and we complete coverage]]> Tue, 23 Nov 2010 07:43:57 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205900&title=low-or-high#1205900 <![CDATA[Low or High? : Same as two_boys, if our excess...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205876&title=low-or-high#1205876 Author: emz
Subject: 36806
Posted: 22 November 2010 at 11:13pm

Same as two_boys, if our excess was $1000, we wouldn't be getting our driveway, paths and fences fixed (well not in the near future, would have to save for a while!)

Our excess is $250 on both house and contents, the lowest we can get. We've had to claim 3 times on contents in 3.5 years (2 burglaries, 1 carpet damage due to a child who shall remain nameless!) so it was worth it to not have to pay a huge excess.]]> Mon, 22 Nov 2010 23:13:20 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205876&title=low-or-high#1205876 <![CDATA[Low or High? : our is $100 if it was anymore...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205875&title=low-or-high#1205875 Author: NovemberMum
Subject: 36806
Posted: 22 November 2010 at 11:12pm

our is $100 if it was anymore then it would not be worth making claims on a lot of things.

for eg our camera which got water damage to it if our excess was $1000 then it would have been cheaper for us just to go out and buy a new camera.

we would also be reluctant to make claims on things eg our tv blows up as it isnt somethign we need and we coudlnt justify spending $1000 besides I am pretty sure you can buy tvs new for less than that?]]> Mon, 22 Nov 2010 23:12:54 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205875&title=low-or-high#1205875 <![CDATA[Low or High? : Our excess is $500 to bring our...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205842&title=low-or-high#1205842 Author: BeLoved
Subject: 36806
Posted: 22 November 2010 at 10:00pm

Our excess is $500 to bring our premiums down, it was advised to us by our mortgage broker to do, and it made a decent difference to our premiums for it to be worth it.]]> Mon, 22 Nov 2010 22:00:23 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205842&title=low-or-high#1205842 <![CDATA[Low or High? : If your excess is a $1000 then...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205820&title=low-or-high#1205820 Author: cuppatea
Subject: 36806
Posted: 22 November 2010 at 9:28pm

If your excess is a $1000 then it just means that in effect a lot of stuff in your house isn't insured so it's not really that good a deal when you look at it that way.

Our buildings is $100 and has just gone up to $200 when we renewed, I think the contents is $100 too.

We haven't needed to claim until the quake and now it's good having it low as we can get the damage not covered by EQC (fences/paths) fixed for a small excess, if we had to pay out a $1000 we probably would leave them bowed and cracked.]]> Mon, 22 Nov 2010 21:28:10 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205820&title=low-or-high#1205820 <![CDATA[Low or High? : Ours is $100 ]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205809&title=low-or-high#1205809 Author: HuntersMama
Subject: 36806
Posted: 22 November 2010 at 9:21pm

Ours is $100]]> Mon, 22 Nov 2010 21:21:25 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205809&title=low-or-high#1205809 <![CDATA[Low or High? : Ours is low. I fell down the stairs...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205801&title=low-or-high#1205801 Author: High9
Subject: 36806
Posted: 22 November 2010 at 9:13pm

Ours is low. I fell down the stairs with my mac laptop - paid $200 excess and they replaced it (but because I had the old model and they had literally just stopped selling it and released the new model I got the new model so basically an upgrade for $200!)

Also paid $100 when DPs phone fell in the toilet.

Although both of those we did have to pay extra (about $50 each) to get evaluations done so for the laptop a detailed description of the damage and how much repair would be (in the laptop case repair bill was 6k and the laptop was 4k so hence a new laptop and not repairing) same with the phone. ]]> Mon, 22 Nov 2010 21:13:49 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205801&title=low-or-high#1205801 <![CDATA[Low or High? : Ours is $200 on most things but...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205702&title=low-or-high#1205702 Author: _SMS_
Subject: 36806
Posted: 22 November 2010 at 7:28pm

Ours is $200 on most things but $100 on a few things to claim.

I think this is better, since owning our home we have had to claim on insurance 3 times. Someone crashed into our fence/house. The house has flooded. And the tap burst flooding the house again.

None of these things were our fault and there would be no way we could have afforded $1000 per claim.

]]> Mon, 22 Nov 2010 19:28:09 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205702&title=low-or-high#1205702 <![CDATA[Low or High? : Excess on house insurance i mean... My...]]> https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205677&title=low-or-high#1205677 Author: Bizzy
Subject: 36806
Posted: 22 November 2010 at 6:58pm

Excess on house insurance i mean...

My BIL was skiting how low his house insurance is cause they have a $1000 excess on it... and now i am wondering if that is a good idea or not...

If you dont mind would you share what kind of excess you have and what your thoughts are on having it lower as opposed to higher...??]]> Mon, 22 Nov 2010 18:58:39 +0000 https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=36806&PID=1205677&title=low-or-high#1205677