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Believing you are insured is a full defence, Judge states

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BELIEVING you are insured is a full defence in a no-insurance prosecution, a Judge told Tuam District Court when he struck out a case against a defendant.

Half of homeowners not confident that their home is fully insured

As rising inflation and increased building and rebuilding costs continue to impact the cost of rebuilding a home, almost half (49%) of homeowners in Ireland said they would not be confident that their home would be fully insured if they made a claim today.

Underinsurance - a growing risk for consumers and businesses

The risk of underinsurance for consumers and businesses has grown greatly arising from inflation and other global factors and means that in the event of a claim both can be exposed to having to foot substantial costs where the sum insured is not sufficient to cover losses, Brokers Ireland has stated.

 

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