Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

It is impossible to get household insurance if one has been declared bankrupt, as per the eligibility criteria for Allianz, which I believe is shared by most other insurance companies. The Government hopes to have its insolvency legislation enacted in the next couple of months. This positive development, which will allow people escape from burdening debt, may also result in their not being able to insure their homes into the future because they will have been declared bankrupt. Can the witnesses explain why it is not possible to get home insurance if one is declared bankrupt? Why, if I was declared bankrupt today but can still meet the €500 premium in respect of domestic home insurance for the next 12 months, can I not get insurance?