News

  • 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…

  • Travelers Insurance (Ireland) to exit the car insurance market

    Travelers Insurance (Ireland) have announced that they are to exit the Irish car insurance market from October 2011. This is disappointing development for Irish consumers as it will only serve to reduce competition and increase car insurance prices. Travelers began providing car insurance to Irish consumers who had previous driving convictions and for many years they were one of a very limited number of insurers operating in this space. They went on to become the insurer behind Wrightway Underwriting car insurance policies but when Zurich acquired Wrightway in 2007 this business was transferred to Zurich. Travelers then became the main…

  • Insurance for Convicted Drivers – Talk to Martin Insurance

    Insurance for a convicted driver doesn’t have to feel like an uphill struggle. Have you got an endorsement on your licence for an offence such as the following? – Drink driving – Driving without due care & attention (careless driving) – Driving without insurance At Martin Insurance, we have a high volume of enquiries from convicted drivers who have now got their licence back and are trying to get back behind the wheel. We work for our clients to source the best available policy on the market and negotiate the best price and we have excellent relationships with some of…

  • Business insurance – Building Contractors & Tradesmen. How do you know you are getting the right insurance policy?

    The most important thing when buying business insurance is to get the correct cover. It is amazing how many business owners think they have saved money on their insurance bill when in fact what they have purchased is a piece of paper that will be useless if a claim occurs. Businesses should get the right cover in place or not buy insurance at all. Buying the wrong insurance policy = spending money and not being insured – the worst of both worlds. Some examples of this are as follows: 1. Client was a roofing contractor. He came to Martin Insurance…

  • Rebuilding costs for home/house insurance – How much should i insure my house for?

    Our home for most of us, will be our biggest purchase, therefore it is important to insure it correctly. At renewal stage each year it is important to review your policy, noting the cover in place but also paying particular attention to the building and contents sum insured as it is these sums that can reduce the premium. Recent changes in our economic climate has lead to amongst other things a decrease in building costs & this should be taken into consideration when deciding on your building sum insured.  When deciding on this figure it is easy to get confused…