E9m burst pipes compo for Kildare

over E9 million has been forked out by insurance companies to Kildare home and business owners to cover the cost of burst pipes during the big freeze.

over E9 million has been forked out by insurance companies to Kildare home and business owners to cover the cost of burst pipes during the big freeze.

The Irish Insurance Federation figures revealed a total of €224m has been paid across the country. The December cold snap was the third severe weather event to affect the country during a fourteen-month period.

During the freeze, insurers dealt with almost 30,000 claims relating to damage to homes and businesses caused by burst pipes. Household claims cost €173.1m, while commercial claims amounted to €50.6m. Kildare was not among the worst affected counties but ranked middle of the table when it came to burst pipes.

Mike Kemp, Chief Executive, IIF said: “The scale of damage caused by the December freeze should not be underestimated and the subsequent quick response from insurers assisted many homeowners and businesses in getting back on their feet as fast as possible. Severe weather events such as these have been very rare events in the past in Ireland. To have had the three largest weather-related losses in our history in such close succession has put pressure on the market, but insurers have repeatedly displayed their resilience and as a result have injected three-quarters of a billion euro back into the Irish economy in a fourteen-month period. To put the extent of this payout in context, the cost for severe weather events for the past ten years before the November 2009 floods amounted to €358m, or less than half the cost of the three most recent events.”