Insurers to be quizzed over hiking costs for homes based on location

Insurance representatives have agreed to question firms over claims that the cost of cover for homes is being hiked up or denied because properties are being assessed mainly according to their location.

Firms were also accused of raising quotas and ignoring the latest information on remedial works carried out across the country after a host of recent floods.

TDs said a system of “geocoding” used by insurance firms was worrying homeowners attempting to get cover for properties.