Many consumers ‘not fully covered’ with home insurance

Dublin Theatre Festival 2022: In Edna O’Brien’s new play, the epiphany James Joyce sought never comes

For those that have had their claim reduced due to under-insurance, the average reduction in the claim payment was approximately 19 per cent in 2021, meaning that those customers would have incurred substantial costs to fully meet the cost of their claim. Central Bank director of consumer protection Colm Kincaid said: “This review highlights the actions we expect of firms to ensure consumers are properly informed about the risk of under-insurance, and to provide them with relevant and clear information.

The Central Bank also appealed to consumers to check they have adequate home insurance cover in place when renewing or switching their policy.

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global move on interest rates sends shudders through marketsBank of England and Swiss central bank follow US Fed in announcing further monetary tightening
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

US Federal Reserve raises interest rate by 0.75 points for third timeOfficials signal ‘higher for longer’ stance as US central bank tries to stamp out soaring prices
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Here's how you can avoid mortgage switching delaysThe European Central Bank has warned more hikes are coming down the line
Source: NewstalkFM - 🏆 19. / 55 Read more »

Credit Suisse weighs investment bank split as woes continueSwiss lender considers splitting investment bank into three via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Bank of England raises UK rates to 2.25%, despite likely recessionMonetary authority expects UK economy to shrink in third quarter via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »