Home insurance cover “low-balling” exposing homeowners to risk
Research conducted by Peopl.ie insurance has found gaps of up to €35,000 in home insurance cover for ordinary households. As such, homeowners are exposing themselves to huge risks if they need to make an insurance claim. Peopl.ie compared sums insured on the properties of their clients with average rebuild costs calculated by the Society of Chartered Surveyors Ireland (SCSI) on similar properties. It established that homeowners are undervaluing the sums insured…