Industry must end rip-off increases to home insurance

TD for Dublin South West Seán Crowe has said that rip-off increases to home insurance must end. Teachta Crowe’s comments follow a warning by the Consumers’ Association of Ireland that premiums have jumped by almost 22% in the last year.
 
Teachta Crowe said “I know that many homeowners have been shocked by excessive increases in their home insurance. According to the Consumers’ Association of Ireland, premiums have jumped by almost 22% in the last year. “This is an issue that Sinn Féin Finance spokesperson Pearse Doherty TD raised directly with the representative body of the industry, Insurance Ireland, in recent weeks.
 
“This is happening at a time when households are already under huge pressure from the cost of living crisis. Mortgage interest rates, childcare costs, grocery bills, and more are mounting up and families simply can’t afford another crippling cost.
 
“Homeowners feel ripped-off and they need to know that these high bills won’t continue. “The Minister must intervene directly with the sector to ensure that costs come down without delay. “Government must act to ensure that workers and families get a break from the cost of living crisis urgently.”