THE INSURANCE industry must cease the “rip-off” increases put on homeowners.
That’s according to Limerick Sinn Féin TD Maurice Quinlivan.
Deputy Quinlivan’s comments came after a warning from the Consumer’s Association of Ireland that premiums have jumped by almost 22 per cent in the past year.
“This is happening at a time when households in Limerick 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,” Deputy Quinlivan said.
“Homeowners in Limerick feel ripped-off and they need to know that these high bills won’t continue. The Minister must intervene directly with the sector to ensure that costs come down without delay,” he concluded.