AA Insurance says its decision to no longer issue policies in Woodend is due to reaching its maximum exposure to seismic risk - not a climate change-related hazard.
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I noticed that Tower are including Sea surge and are looking to increase their house premiums because of this. Anyone know anything about this?
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Hi @Littlejohn. Yes that is correct. I am doing some research on the definition of Sea surge. I am actually aware of of Sea surge being added to a policy and Tower notifying the owner prior to the owner renewing. The owner has indicated a 45% increase on 2025 premium rate.
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