Premium shot up 120pc after flood damage claim
Published 09/02/2010 | 05:00
JUDY Jordan was forced to make a claim when her house was flooded in 2002.
As a result, her premium shot up 120pc, and she is unable to switch insurer.
Ms Jordan is angry that she must pay a premium of €1,168 a year to insurer RSA for a home and contents policy, up from €528 before the floods.
The mother, who is on maternity leave and has a seven-and-a-half-month-old baby, Lily, made a claim for around €50,000 after the major flooding in 2002, when the River Dodder flooded Sandymount, Ringsend and Irishtown.
Extensive flood defence work has been carried out, but she can't get the premium reduced and other insurers won't even quote for the business.
"The premium is off the wall. A fantastic new wall has been put in, reinforcing the wall along the Dodder," said Ms Jordan. She lives in a 100-year-old house in Irishtown, in south Dublin.
"We are paying more than €1,000 for insurance. I also noticed they increased the excess to €5,000."
The excess is the amount policy holders have to pay if they make a claim before the insurer will pay out.
"We were led to believe by the insurance company that when the new flood defence wall was built they would review our premiums. This hasn't happened," she said.
A spokesman for RSA said the premium was being reviewed.