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Geoff, AAMI said that work on $11,150 per square for insurance value. e.g. New 20 square house worth $150,000 (land not included). AAMI will insure the same house for $223,000 to cover the costs of removal and reconstruction. I was concerned the effect on my premium would be significant...

PPOR and IP Insurance Like Geoff, I dont have insurance with CGU but am with AAMI I have a Class 1 rating which gives me Full No Claim Bonus = 40% off standard premium prices. We have 2 cars, PPOR, PPOR contents and our 1 IP all with AAMI. We have made no claims to date and have put...