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It is around this time every year that the majority of life companies issue their claims statistics for the previous year, and it can make for some very interesting reading.
Vehicle data expert, Cartell.ie reports that the proportion of vehicles offered for sale (across all years) with finance outstanding is 14.3 per cent, up from 12.5 per cent in July last year and 11.5 per cent in January, 2017.
The decision to enter the property market serves as the main factor in Irish people’s decision to purchase life insurance and/or mortgage protection recent research from AA Ireland has found.
Insurance premiums remain the number one financial concern for Irish motorists according to the latest Motoring Report from car buying experts Carzone. Fuel was the second biggest concern, followed by motor tax.
Almost 40 per cent of motorists have considered sacrificing their comprehensive cover in favour of a third party or third party, fire and theft policy as a result of rising insurance costs, according to research undertaken by AA Motor Insurance.
Fianna Fáil Spokesperson on Finance, Robert Troy, says figures released by the Central Bank last Friday morning (July 21) contradict assertions by the insurance industry that spiralling motor insurance premiums can be put down to the increasing cost and frequency of claims.
The Construction Industry Federation (CIF) has warned that spiralling insurance premiums are adding to construction costs.
If you decide to rent out your house you must notify your insurer — That is the message being sent loud and clear to landlords.
A public meeting on the rising cost of car insurance, organised by People Before Profit Galway, will be held at 8pm this evening in the Western Hotel on Prospect Hill.