Experts warn of 10-15% rise in home insurance

Experts are warning that home insurance is likely to rise by 10-15% in the next 12 months.

The Irish Brokers Association has said catastrophic weather conditions, which have been experienced all over the world, will have a ripple effect on the domestic market in the form of higher premiums.

The organisation is advising homeowners to seek advice in reviewing their home insurance premiums when renewing their policies to get the best value on the market.