Industry Must End Rip-Off Increases To Home Insurance – Patricia Ryan

Tuesday, 18 July 2023 10:19

By Caoimhe Harney

Insurance premiums have jumped by over 20% in the past year

Sinn Féin TD Patricia Ryan for South Kildare has said that rip-off increases to home insurance must end.

Her comments follow a warning by the Consumers’ Association of Ireland that premiums have jumped by almost 22 per cent in the last year.

Teachta Ryan commented : “I know that many homeowners in Kildare have been shocked by excessive increases in their home insurance.

“This is an issue that Sinn Féin Finance spokesperson Pearse Doherty TD raised directly with the representative body of the industry, Insurance Ireland, in recent weeks.

“This is happening at a time when households in Kildare are already under huge pressure from the cost of living crisis. Mortgage interest rates, childcare costs, grocery bills and more are mounting up and families simply can’t afford another crippling cost.

“Homeowners in Kildare South feel ripped-off and they need to know that these high bills won’t continue.

“The Minister must intervene directly with the sector to ensure that costs come down without delay.

“Government must act to ensure that workers and families in Kildare South get a break from the cost of living crisis urgently," she added.

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