Home Insurance Ireland

By: EconomyWatch   Date: 5 September 2009

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Home insurance, also called homeowners insurance or hazard insurance, is the type of property insurance that covers private homes. This insurance policy covers a personal residence or home, including all its contents, against any loss or damage caused by accident or theft.

Home Insurance Ireland: Types of Cover

Home insurance Ireland provides a comprehensive range of benefits depending on the level of cover and policy you choose. The home insurance policy offers the following covers:

  • Contents cover: This cover typically provides full protection against accidental damage to the contents of your home. Apart from this, you may also be offered:

    • Alternative accommodation
    • Loss of possessions outside the home up to a specific amount
    • Jury fees
    • Replacement of door lock
    • Cover for fraudulently used credit cards and stolen cash
    • Family personal accident cover in the home

  • Buildings cover: This cover usually offers full financial protection against accidental damage to the building of your home. Additionally, it may provide cover:

    • Against theft, burst pipes, riot, vandalism, malicious damage fire and natural disasters, such as storm and flood. Damage by vehicle impact, smoke, explosion and civil commotion may be included.
    • For your garage, outhouse and furniture fitted in the house.
    • Architect's fees and debris removal cost

Home Insurance Ireland: Top Insurers

Some of the leading home insurance providers in Ireland are:

  • AXA Ireland

  • NC Mortgage Brokers

  • Bank of Ireland

  • Royal & Sun Alliance

  • Quinn Direct

  • Allianz  

Home Insurance Ireland: Tips

The Financial Regulator (FR) of Ireland has given the following tips for buying home insurance in the country:

  • Shop around: According to the FR, people looking for home insurance in Ireland could save about €300 (£202) if they shop around. The FR made this statement in February 2007 after comparing home insurance quotes from several insurers on a broad range of properties.

  • Do not over-insure or underinsure: According to the FR, the ideal cover amount is the home rebuilding cost.

  • Read the clauses and details carefully: The clauses and details should cover all possible eventualities.


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