‘Not a good idea’: Economist warns Australians of ‘getting out’ of insurance
Judo Bank Chief Economic Advisor Warren Hogan says it’s not a good idea to remove your insurance, whether it be house or health.
‘Not a good idea’: Economist warns Australians of ‘getting out’ of insurance
“It’s a sign of this pressure that’s on household budgets,” Mr Hogan told Sky News Australia.
“Of course, insurance is one of those big domestic inflationary points.
“They’re up 16 per cent in the last year.
“I’d be careful on going short on or getting out of too much insurance because that can really hurt some stage down the track.”