Seanad debates

Thursday, 21 October 2004

10:30 am

Photo of Eamon ScanlonEamon Scanlon (Fianna Fail)

Following on from the issue of high insurance premia that was raised, I have recently heard of another related issue. Young motorists who take out insurance pay probably two thirds of the premium up front and the balance in instalments over five to six months. Two people recently told me that they had missed their final payment on the fifth month and their insurance was cancelled. That means they have lost six months' insurance cover for the sake of €70 or €80 because they failed to make their final payment. This matter should be seriously examined and addressed because many people are being caught in this trap.

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