Why Irish Home Owners Should Insure Their Houses

The Irish Times recently reported on a survey conducted by Aviva Home Insurance, in which they say, “69% of people believe Ireland will become a nation of renters.” What does this revelation mean for Irish homeowners?

It means that the home you are buying or own is now even more valuable than ever. It suggests that house prices are going to start rising again in the near future, which means protecting your investment is an absolute must. Accidental, environmental, or malicious damage could have such a severe impact that you have to sell your home at a massively discounted price, or even write it off as a complete loss.


This goes for people living in their purchased homes, and for people letting their houses to renters. Some estate agencies are insisting that new renters take out insurance themselves, but with people still feeling the squeeze financially, renters are likely to look elsewhere.

Protecting your investment is a must because if the worst were to happen, you are going to find it increasingly difficult to purchase a new house. Insuring your home for renters allows you to protect your investment as well as cover yourself for the damage that renters may cause. On the flip side, if you are in the business of buying houses to let out to renters, then you can expect a solid stream of willing new renters in the present and near future.