Homeowners in risk areas may lose insurance

HOMEOWNERS living in areas subject to subsidence and flooding could find they are unable to get house insurance as companies refuse to offer cover.

Insurance firms lost an estimated €160 million last year in home insurance cover and homeowners now face serious issues as firms begin to take a more cautious stance against insuring homes in certain areas.

The problem is especially prevalent in Cork, where subsidence and lately flooding have become major issues.