The point I am trying to make is that there is something wrong when you call almost every Insurance company and broker in your hour of need and they refuse to quote on a completly habitable house,
- electrics replaced in 1980 Not too unreasonable and quite commonplace in Ireland. Just over the 25 year limit imposed by a number of
insurance companies. Calling it a firetrap with archaic electrics is a bit of an overaction and helps to explain why the industry is the way it
is. Perhaps you should leave these judgements to qualified electricians?
- Is the house in a flood zone? So if the house is in Cork is it right to assume it is in a flood zone even though it might be on top of a
- Is the house in an area of subsidence? How exactly do insurance companies define an area of subsidence? If a house is 500 meters from a
house that has subsided, is it fair to tar all houses within 500m with the same brush? (even though an engineers report states that it is
unaffected). This seems to be a show stopper for some insurance companies. Some insurance companies just exclude it. Others get the
hebegeebies and hang up.
- Is there someone living there? Usually when a house is being sold there is nobody living there so why are there no exceptions made for
this or at least restrict it to fire and public liability until the new owner or tenants move in.
Taken from the Insurance Ireland website,
"As the leading representative body for Ireland’s insurance sector Insurance Ireland is the primary source of industry intelligence and opinion for legislators, regulators, consumers and professionals. Through our Councils, Committees and Working Groups we engage with the Irish government, domestic regulatory authorities and the Financial Services Ombudsman on all of the issues of concern to our members. Our aim is to prevent legislation or regulation that is unnecessary and to ensure that what is necessary is designed and implemented in a way that meets its policy objectives without causing unnecessary harm to the insurance market."
High fives all around!
What's your point?