Insurance Ireland Advice to Policyholders Affected by Floods


This is the Friday Press Release

Insurance Ireland has issued advice to policyholders who have suffered damage due to flooding.  

Michael Horan, Non-Life Manager, Insurance Ireland said:

“We advise people to take sensible precautions to prevent further damage to their property, without risking injury to themselves.  For example, furniture and valuables may be moved to an upper storey.”

“Home and business owners who have suffered damage should contact their insurers as quickly as possible.  Insurers are working hard to ensure that policyholders’ claims are handled quickly and many insurers have emergency helplines for their customers.”

Insurance Ireland reminds policyholders that:

  • Household buildings and contents insurance will usually cover damage caused by flooding;
  • Damage to cars is covered by comprehensive insurance policies;
  • Insurers will usually pay for the cost of temporary repairs, so ensure that you keep copies of receipts;
  • Insurers will also pay for the cost of alternative accommodation, if the house becomes uninhabitable (up to stated limits);
  • Householders should check the full extent of their policies and contact their insurer or broker as quickly as possibly. 

Cost of Previous Weather Events

Year

Event

Cost

June 2012 Flood €54m
October 2011 Flood €127m
December 2010 Freeze €224m
January 2010 Freeze €297m
November 2009 Flood €244m
January 2009 Storm €16m
January 2009 Freeze €40m
August 2008 Flood €96m
October 2004 Flood €38m
November 2002 Flood €50m
February 2002 Flood €37m
December 2001 Freeze €30m
November 2000 Flood €51m

 

 

 

 

Insurance Ireland – the leading voice of insurance