Emer Higgins (Dublin Mid West, Fine Gael) | Oireachtas source

While we are on the subject of undervaluation, one matter that has come across my desk in my constituency is the undervaluation of second-hand cars. We are now in a market where second-hand cars are worth more than they were last year instead of depreciating, which we are very much used to. When such a car is stolen, following a claim the owner does not end up with enough money to be able to purchase something of similar value. I am not asking the Minister of State to comment on what the Central Bank might think, but would he say the same might be true of car insurance and that perhaps a call could go out to members of public to make sure that when they are renewing, they are keeping that figure accurate?