60% of Aviva Insurance Ireland's home insurance customers haven't increased rebuild costs, leading to a €39bn underinsurance problem.
Irish homeowners have a €39bn underinsurance problem as most have failed to increase their level of coverage with rising house rebuilding costs. About 60% of Aviva Insurance Ireland's home insurance customers haven't increased rebuild costs in the past three years despite warnings. The Central Bank warned insurers about the risks of insufficient home insurance cover due to rising construction costs.
May 17, 2024
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