Have you reviewed your buildings sum insured recently?
A report issued by the Society of Chartered Surveyors Ireland (SCSI) shows rebuilding costs have risen by 7.3% in the last 18 months.
This is due to a number of factors, including Brexit, and use of changing materials in construction.
Rebuild costs are the basis for your home insurance, so it’s vital they are correct. There are also variations in costs in different regions.
Where a building is underinsured, insurers can reduce the payment of a claim by the same amount.
See below and see how your home is covered: