House insurance

ginger power · by **ginger power** » Mon Apr 16, 2022 7:32 pm

am so cross am in a newly built house, and ringing around for house insurance today and am being conned by ebs who are saying it would take 300,000euro to rebuild our house HELLLOOOOO cost me half the price to get it where it is now, also wont let me have my contents below 49,000euro,im flipping crazy right now with anger O:|

if my house god forbid went on fire wont cost me 300,000 which was based on their auctioneer who looked at our plans, 2years ago, O:|

Rant over!

Jane Smith · by **Jane Smith** » Tue Apr 17, 2022 10:29 am

Hi GInger Power,

Here is a piece by Charlie Weston regarding Home Insurance. He advises to reference the Chartered Surveyors website when considering the cost of rebuild.
http://www.scsi.ie/

BusyDee · by **BusyDee** » Tue Apr 17, 2022 12:28 pm

You have to take in to account the cost of demolition and clearing the site if it did need to be rebuilt don't forget.

ginger power · by **ginger power** » Tue Apr 17, 2022 6:39 pm

Thank you jane smith gonna check that out,

Busy dee still wont be worth that even if the site had to be cleared out :weep

Mismatch · by **Mismatch** » Tue Apr 17, 2022 6:58 pm

Hi

I had the same issue, bank wouldn't allow me in insur my house for anything less than 320k, but there is no way it cost that for us to build it. I rang them & they said if I went & got a rebuild valuation done by a reputable company that they would accept the amount stated on that. So we got someone in, cost us 100e plus vat. And it only reduced the rebuild cost by 10k, so wasn't really worth the time or the money. I only got the valuation done in Feb this year.

Not sure if this is the reply your looking for. But just thought I'd share my experience

ginger power · by **ginger power** » Tue Apr 17, 2022 7:49 pm

thank you, can i ask you how much do you pay for house insurance now? :-8

Mismatch · by **Mismatch** » Wed Apr 18, 2022 8:35 am

Hi Gp,

We paid 488e this year, thats 31k contents with get cover.com

HTH's

secondtimemother · by **secondtimemother** » Wed Apr 18, 2022 3:15 pm

Hi, Was also going to direct you on to this website.

http://www.scsi.ie/publications/Downloadreport/hri2011

Most of the insurers accept their recommendations. its based on sq footage and for our house which is a semi d 1044 sq foot we are paying 250. We get a 10% disc because we have our car ins with them aswell.

Edited to say that thats a recent quote for renewal in may.

paws2paws · by **paws2paws** » Thu Apr 26, 2022 7:24 pm

Another bleedin Rip off. I was quoted for 240,000 65,000 contents 370 another was quoting me 620?????????? The problem is when you go to claim they think you leaked the pipes yourself only for i have to i woulldn't no way...

ginger power · by **ginger power** » Fri Apr 27, 2022 12:37 pm

paws2paws wrote:Another bleedin Rip off. I was quoted for 240,000 65,000 contents 370 another was quoting me 620?????????? The problem is when you go to claim they think you leaked the pipes yourself only for i have to i woulldn't no way...

i got ours down from the above to 378 for year, and i got quoted by some companies up in the 800-1000 a year i just laughed at them, ebs are pricks to deal with all con with them, we will be stung on house tax in 2014, im still so mad over it! O:|

paws2paws · by **paws2paws** » Sat May 05, 2022 9:25 pm

Showers of Gangsters the lot of them without the balaclavas!!!!!!!!!!!!!!!!!!

ginger power · by **ginger power** » Sun May 06, 2022 2:12 pm

paws2paws wrote:Showers of Gangsters the lot of them without the balaclavas!!!!!!!!!!!!!!!!!!

love it

CB2012 · by **CB2012** » Sun May 06, 2022 10:50 pm

Ginger Power wrote:O:| am so cross am in a newly built house, and ringing around for house insurance today and am being conned by ebs who are saying it would take 300,000euro to rebuild our house HELLLOOOOO cost me half the price to get it where it is now, also wont let me have my contents below 49,000euro,im flipping crazy right now with anger if my house god forbid went on fire wont cost me 300,000 which was based on their auctioneer who looked at our plans, 2years ago, Rant over!

Hi Gingerpower

I had the same problem re house insurance, the first year I let it go as I had left it too late but the following year I sent an email and referenced a similar case on the RTE website which had confirmation from The Irish Insurance Federation, that home insurance is based on the re-build cost of your property and not the market cost and that I was within my rights to reduce my insurance cover and they agreed I saved over €100

I also asked them to confirm what they would pay out if I claimed (current rebuild value or the value they insisted on). I didn't get a reply in writing but I got a phone call saying of course I could reduce the rebuild cost and this time they weren't insisting on me paying for a revaluation.

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