Kildare TD: ‘Industry must end rip-off increases to home insurance’

'Rip-off' increases to home insurance must come to an end.

That's according to a Sinn Féin TD for Kildare-South, Patricia Ryan, who made the comments follow a warning by the Consumers’ Association of Ireland, which said that premiums have jumped by almost 22 per cent in the last year.

Ms Ryan said: "I welcome the intervention by the Consumers’ Association of Ireland and share their concerns; I know that many homeowners in Kildare have been shocked by excessive increases in their home insurance.

"This is an issue that Sinn Féin Finance spokesperson Pearse Doherty TD raised directly with the representative body of the industry, Insurance Ireland, in recent weeks."

She continued: "This is happening at a time when households in Kildare 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.

Patricia Ryan TD. File photograph.

"Homeowners in Kildare-South feel ripped-off and they need to know that these high bills won’t continue."

Ms Ryan called for the Minister for Housing, Darragh O' Brien, to 'intervene directly' with the sector, to ensure that costs come down without delay.

Ms Ryan added: "Government must act to ensure that workers and families in Kildare-South get a break from the cost of living crisis urgently."