Householders face double-digit insurance hikes

DOUBLE-DIGIT increases in home insurance could result in householders being unable to afford adequate cover, with catastrophic results, according to the Consumers’ Association of Ireland.

The warning comes in the wake of the announcement by insurance companies that another major hike in premiums is on the way, as a result of recent severe floods and freezing conditions.

The CAI’s chief executive Dermott Jewell said insurance firms had to recognise that customers were already paying more than ever in premiums.