Man ditches home insurance after huge price jump based on risk

A Christchurch man has ditched his home insurance after his premiums went up $1000, or 30% a year based on new risk pricing. Tower insurance has taken into account the risk of sea surge and landslips for the Burwood home, as well as earthquakes and flooding. But Trevor Taylor says his home is several kilometres from the sea and he can't fathom the insurer Tower's sea surge assessment. Trevor Taylor spoke to Lisa Owen.