Eoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

The best way for the Government to deal with this is to accept one of the recommendations of the Safe As Houses? report, which is for latent defects insurance to be mandatory. When we raised this at our sessions with the Construction Industry Federation it said that there was no need to make such insurance mandatory because developers are all using it anyway but that is not the case. There are other jurisdictions where it is a legal requirement and it provides a great degree of security for good quality builders and tradespeople as well as for the purchasers. I am talking liberties here in the sense that I am not speaking specifically to the amendment but I am speaking to the substance of it. Mandatory latent defects insurance is the way to go. Anything short of that means it will be a pick-and-mix in terms of who takes it and who does not.