Underinsurance and Domestic Insurance Policies

John O'Donoghue - Managing Director, OMC Claims

A Hot Topic – The Risk of Underinsurance The issue of underinsurance and the effect this can have on claims is a hot topic, and it hasreceived ample attention in the national media. The Central Bank’s recent thematic review ofdomestic policies identified several risks, and the actions now required of Insurers, in order that they […]

DOMESTIC BUILDINGS SUM INSURED 

In a significant percentage of cases policyholders believe that the Buildings sum they insure their properties for is the amount that the premises would fetch if sold on the open market i.e. Market Value