Your complete guide to home insurance
Get the right buildings and contents cover to protect your home and insure your home and belongings to save thousands of euro in the event of a claim.
What’s in this guide?
How home insurance works in Ireland
What is home insurance?
Home insurance protects your home and belongings should the worst happen. It isn’t a legal requirement like car insurance, but it can offer valuable financial protection if theft, loss or damage occurs.
Some mortgage lenders also make it a condition of your mortgage offer to ensure you have appropriate house insurance in place.
Here’s what you need to know about home insurance and getting the right cover.
What does it cover?
Home insurance protects the value of your property and belongings. A good policy will protect you against:
For example, if there were a fire in your home a home insurance policy would pay to repair the damage to your property and replace your damaged belongings.
However, home insurance doesn’t protect you against every eventuality; it won’t usually cover:
You may also need to pay extra for insurance against flood, subsidence and other natural disasters.
If you own your property, you’ll need buildings cover; if you rent, then this is something your landlord should have in place.
Types of home insurance in Ireland
This covers the property itself, including the main building, your roof, windows and other permanent fixtures and fittings.
Buildings cover is for anyone who owns a property that they live in or rent to others.
This protects your belongings, including your furniture, valuables and furnishings like your carpets.
Contents cover protects your belongings in your own property or rented home.
What extras can you add to your policy?
You can add many optional extras to your home insurance policy, but each could make your premium more expensive. Extras you could consider include:
- Accidental damage: This adds protection should you accidentally damage something, for example breaking a window or spilling wine on the carpet.
- Bank card cover: This covers unauthorised use of your credit and debit cards, and can also cover your cash and chequebooks too.
- Emergency accommodation: This pays for alternative accommodation for you and your family if your home isn’t safe to stay in, for example after a flood or theft.
- Emergency repair: This will pay for emergency repairs and labour to your home, if for example your pipes were blocked or your roof was badly damaged.
- Fire brigade cover: This will pay for any charges you may incur from the fire brigade.
- New for old contents cover: This is where your insurer replaces any damaged or stolen items with brand new ones, rather than paying you their current value.
Some policies include emergency home assistance which covers out of hours repairs. For example, if your boiler broke down, the call out fee and labour would be covered.
If you need a general boiler care plan, our guide to boiler servicing plans explains all.
The cost of home insurance
How much does home insurance cost?
Home insurance costs depend on a number of things, like the type of coverage you want, where you’re living and how much your property is worth.
What affects the price of home insurance?
The cost of your home insurance depends on many factors including:
How to get cheaper home insurance
If you want to save even more money on insuring your home, read our 7 ways to save money on your home insurance, which is packed with tips and ideas to protect your home for less.
Should you use an insurance broker?
Plenty of insurers offer home insurance in Ireland, but you could use a broker to help you compare quotes to save time.
If possible, use more than one broker to be sure you’re getting the best deal. That way, you can be confident you’re not missing out on the cheapest home insurance quote.
Think twice before accepting a renewal quote from your existing insurer because you will likely save money by shopping around for cheaper cover.
Getting the right cover
To get the right cover for the lowest possible price, follow these three steps:
- Work out what cover you need by considering the value of your home and belongings and the extras that matter to you.
- Decide what excess you can afford and weigh this up against the cost of the policy. Paying more now could save you money if you had to claim.
- Compare home insurance quotes from several different brokers to find the cheapest deal for your needs.