Seanad debates

Thursday, 10 May 2012

11:00 am

Photo of Paschal MooneyPaschal Mooney (Fianna Fail)

What happens is that not only are consumers being penalised by paying a higher premium than is absolutely necessary but also if they put in a claim, the insurance company will then insist that they seek the lowest possible competitive tender, which is way below the rebuilding cost and what they initially charge the consumer. In other words, we are in rip-off territory.

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