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Higher property insurance here due to riots?

  • 09-08-2011 9:41pm
    #1
    Damokc
    Registered Users, Registered Users 2 Posts: 1,432 ✭✭✭


    will the riots in london cause insurance to rise over here in ireland with most of the insurers being from britain?


Comments

  • #2
    chin_grin
    Closed Accounts Posts: 10,808 ✭✭✭✭chin_grin


    Least of their worries right now.


  • #3
    Saila
    Closed Accounts Posts: 7,751 ✭✭✭Saila


    yes..





    or no.


  • #4
    thee glitz
    Registered Users, Registered Users 2 Posts: 2,294 ✭✭✭thee glitz


    No, unless you think it's more likely here now.

    Also, it seems the state will pick up the tab for this.
    http://www.guardian.co.uk/uk/2011/aug/09/uk-riots-cost-taxpayer-100-million?intcmp=239

    UK riots could cost taxpayer £100m

    Insurance bill for riot damage to shops and homes to be paid for by police authorities under 1886 act


  • #5
    MungBean
    Closed Accounts Posts: 3,915 ✭✭✭MungBean


    Actually no it wont. It cant. How can it ?


  • #6
    General General
    Registered Users, Registered Users 2 Posts: 1,900 ✭✭✭General General


    I expect some kind of mini-boom in London when the lolly gets paid out as a whole lot of retailers re-invent their businesses with the cash.


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  • #7
    Capt'n Midnight
    Moderators, Recreation & Hobbies Moderators, Science, Health & Environment Moderators, Technology & Internet Moderators Posts: 93,599 Mod ✭✭✭✭Capt'n Midnight


    yes the insurance will go up as insurance companies spread the load

    insurance went up after 9/11 even though both here and in the UK it's the government who pay out for terrorist attacks and the insurance companies would have had NO liabliity :mad::mad:


  • #8
    lastlaugh
    Closed Accounts Posts: 1,382 ✭✭✭lastlaugh


    If my insurance goes up because of those riots I'm headin over to wreck the place aswell.


  • #9
    Solnskaya
    Closed Accounts Posts: 1,463 ✭✭✭Solnskaya


    no, it will go up because you have no choice but to pay up. Riots will have nothing to do with it.


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