Galway East Sinn Féin’s Louis O’Hara has said that rip-off increases to home insurance must end following a warning by the Consumers’ Association of Ireland that premiums have jumped by almost 22% in the last year.
O’Hara welcomed the intervention by the Consumers’ Association of Ireland and shared their concerns.
He said that he knows that many homeowners in Galway have been shocked by excessive increases in their home insurance.
“This is an issue that Sinn Féin Finance spokesperson Pearse Doherty TD raised directly with the representative body of the industry, Insurance Ireland, in recent weeks,” said Mr O’Hara.
“This is happening at a time when households in Galway are already under huge pressure from the cost of living crisis. Mortgage interest rates, childcare costs, grocery bills and more are mounting up and families simply can’t afford another crippling cost.”
O’Hara said homeowners in Galway feel ripped-off and they need to know that these high bills will not continue.
“The Minister must intervene directly with the sector to ensure that costs come down without delay.
“Government must act to ensure that workers and families in Galway get a break from the cost of living crisis urgently.”
