Severe weather resulted in €8m in insurance claims

The severe weather in the county last winter has resulted in claims of over €8.7million.

The severe weather in the county last winter has resulted in claims of over €8.7million.

Figures from Irish Insurance Federation (IIF) show that the cost of the claims is the equivalent of almost

€60,000 for every 1,000 people in the county.

Donegal came 16th in a table claims paid out by insurers for every 1,000 people. A total of €224m was paid out

across the country with Limerick, Galway, Kerry, Clare and Cavan having the highest payouts per 1,000 people.

During the severe freeze, which affected the entire country last December, 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. The worst affected counties were Cork (€32.4m), Galway (€24.7m) and Dublin (€20.2m).

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.”

Although the freezing weather affected the whole country, some areas were disproportionately affected.

Munster accounts for 28% of the population but accounted for approximately 40% of the claims cost, and

Leinster accounts for 54% of the population but only accounted for 32% of the claims cost. The cost of claims in Connacht/Ulster was 28% of the total but accounts for only 18% of the population.