A Wellington woman has been left in shock after being told the premium on her house was increasing by $5000 a year.
Ursula Egan told RNZ that her insurer said premiums for her property in Karori had risen, from $2200 to almost $7200.
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Ms Egan says she hasn't changed any of her conditions.
"I was expecting a bit of an increase because we are in a risk area and building costs have gone up, but I certainly wasn't expecting a 300 percent increase."
Ms Egan told RNZ a Tower Insurance representative said they've changed the way they allocate their insurance, and are now basing it on where you live.
The company said it had switched to risk-based pricing, and those living in Wellington, Napier and Gisborne would face the worst increases.
Tower has been asked for comment and directed RNZ to a statement on the pricing system for locations facing higher risk from natural disasters.
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