News

  • Health Insurance in Ireland – Increase your cover & reduce your premium? It just may be possible.

    We are quickly approaching the time of the year when the health insurers typically increase their rates. Quinn normally increase on 1st Jan, VHI on 1st Feb and it is uncertain when Aviva will increase their rates again following their last increase in May 2010. However, they will be increasing one of their key plans by 10% in December and we can expect increases of 5-10% from the other insurers in the next quarter. This could be much higher depending on what happens with the public hospital charges and the health insurance levies in January 2011. By reviewing your cover…

  • Allianz Ireland – changes to landlord policy from January 2011

    Allianz Ireland have recently written to brokers to advise of changes to their landlord policy, effective from January 2011. What are the changes in Cover ? This is an outline of the main cover changes only. A complete listing of the changes will be issued with Allianz renewal documentation. 1. Premises & Contents Section: 90 Day Unoccupancy Exclusion The following exclusion: Loss or damage when the premises is Unoccupied for 90 consecutive days immediately prior to the loss or damage (see Unoccupied Properties – Special Terms and Conditions), has been replaced with: Loss or damage when the premises is Unoccupied…

  • Employers Liability Insurance (EL) or Employment Practices Liability Insurance (EPL)?

    Many of our commercial clients have recently queried the difference beteen Employers Liability Insurance & Employment Practices Liability Insurance. So here is a brief overview: Employers Liability Insurance is normally intended to cover the cost of defending and/or paying compensation for claims brought against an insured company as a result of death, injury or illness of an employee due to the negligence of the insured company. Examples: 1. Employee has an accident whilst operating a machine and sues the company for compensation. Solicitors for the employee may argue that the company did not provide adequate training or that the company…

  • 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…

  • Received a conviction for drink driving but still want named drivers to have use of your vehicle

    We recently received the following question: ‘My husband has been convicted of drink driving. I use his jeep also as he has open drive cover. Am i still OK to drive his jeep’? The most important thing here is to assume that if the policy holder has received a conviction for drink driving, there is no cover under the policy unless you have contacted the insurance company and they have agreed to extend cover. I would obtain something in writing for your records also as evidence that an agreement is in place. Every insurer is different. Some insurers may agree…

  • Had a car accident? What next?

    You have been involved in a road traffic accident & you want to know, what happens next? Here are some examples: Example 1: No other car involved. No passengers in your car. Your car is damaged and you may have an injury. Lets deal with the damage to your car first: If you have comp cover on your car then ring the insurance company who will send an assessor to inspect the car. You need to get in touch with a repairer who will agree the repair cost with the insurance company assessor. It can be an advantage to use…