Home insurance

Home owners in Leitrim insure their contents for an average of €37,034.49

Claire McGovern

Reporter:

Claire McGovern

Home owners  in Leitrim insure their contents for an average  of €37,034.49

Home owners  in Leitrim insure their contents for an average  of €37,034.49 compared to €35,261.24 in 2015.

Homes in Wicklow, Meath and Dublin have the highest value contents in the State, according to an AA Insurance analysis of the value of contents insured.


Commenting on the findings, AA Consumer Affairs Director Conor Faughnan stated “It is important to make sure that you have your contents valued correctly for insurance. People often think the figure is high, but if you are unlucky enough to have a fire or a total loss you would be amazed how much value you have built up over the years and what it would cost to replace it all.”

At the other end of the scale, homeowners in Co. Mayo had the lowest average value for contents insured at €36599.21 according to the AA Home Insurance analysis.

The AA advises householders to think carefully about the value they choose as both over and under-insuring your belongings can be a mistake. If you pick an amount that is too high then you will pay too much in your premium even though an insurance company will only pay you for the value of what you have lost. Insure for too little and an insurance company will reduce the payout proportionately even for a smaller claim.