Mr. Michael Horan:

Insurance is about covering against the risk of something happening. There are one or two very small subsidence blackspots in the country. Subsidence is a standard part of the household insurance policy for the vast majority of household insurance policyholders. Unfortunately, there is this blackspot in Cork where the likelihood of subsidence is so great as to be tantamount to inevitability. Insurance cannot cover people against an inevitable event because the cost of premia would skyrocket for everybody.