Category: Home Insurance

  • Reducing the cost of your home insurance can be risky business.

    It is vital to insure your home, due to its value, and as we cannot plan for the unexpected, home insurance is a must. The ‘rebuild cost’ of a home can typically range from €80,000 to €500,000+, depending on our financial positions. Along with buildings cover, it is important to have cover in place for contents. The ‘sum insured’ is the maximum amount the policy will pay out if the buildings or contents of your home are completely destroyed, so it is important to have this figure right. There are many insurance companies offering home insurance and the cover on…

  • Kennco launch a new household Insurance policy in Ireland

    KennCo Underwriting Ltd have launched a new household policy from mid 2011. The insurer is Great Lakes Reinsurance PLC, an insurer who traditionally has strong financial ratings. Claims and underwriting is handled by KennCo in Dublin. From a consumer point of view, every new household insurance product made available in the Irish market should be welcomed. An increase in market capacity & competition inevitably results in a reduction in premiums. The KennCo policy is available through Martin Insurance as KennCo do not deal directly with the public. The new KennCo policy will be aimed at: – Owner occupied homes of…

  • Frost damage – some tips to help avoid the headache and expense of a home insurance claim this winter

    The current cold spell could result in frost penetration deep into the ground causing many householders to experience frozen water pipes and associated problems of burst pipes and water damage. It is important to protect your home particularly if you are going to be away or have a second home that may be vacant for a period during the cold snap. Aviva have recently released some helpful tips to prevent frost damage and we have outlined some of these tips as follows: – Wrap a towel around an outside tap. – Open the attic trap door to allow heat into…

  • Winter Freezing. Is your Vacant House Insurance or Unoccupied Commercial Property Insurance in order?

    Research conducted by RSA insurance company in January 2009 indicated that there were upwards of 350,000 unoccupied properties in Ireland at that time. At November 2010, the property market in Ireland has become completely log-jammed. Forget about ghost estates, even quality detached homes are not selling, regardless of how low the price goes! With so many properties now unoccupied, it is important that property owners ensure that they have adequate insurance cover in place. Martin Insurance access a specialist panel of Irish & EU insurers who specialise in unoccupied house insurance & unoccupied commercial property insurance. We have outlined some…

  • You have car and home insurance. But are you insured?

    It seems that a many consumers will sign anything that is put in front of them. Now you can get away with this to a point, but what are the consequences when it comes to insurance? Over the past number of years, insurance proposal forms have transformed into preprinted documents based on the details which were given over the phone or via the internet. In some cases the consumer is asked to sign this document but in many cases this is a ‘statement of fact’ document, which does not require a signature from the consumer at all. So when the policy documents…