Tuesday 22 August 2017

Value of home contents declines

Overall, 24 out of 26 counties showed a decrease in average premiums since 2013
Overall, 24 out of 26 counties showed a decrease in average premiums since 2013

Sam Griffin

Homes in Wicklow have the most valuable contents but nationwide almost all counties have experienced a decline in the value of home-insured contents in the last two year.

An analysis of some 65,000 home insurance policies shows that the average value of contents in Wicklow is €50,537. This is a decrease from 2013, when the average was €51,783.

The next most valuable is south Dublin, where the average value of home contents is €49,732.

The old cliché about the capital's north/south divide also holds true, with the average sum for home contents on Dublin's northside €3,000 less than neighbours south of the Liffey.

Overall, 24 out of 26 counties showed a decrease in average premiums since 2013. It is unclear why so many counties recorded decreases in the value of home contents insured between 2013 and 2015.

However AA Home Insurance is warning homeowners against under-insuring contents.

Irish Independent

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