The issue raised by the Deputy, where homeowners are unable to secure insurance cover due to pyrite or defective concrete, is one the Government recognises as challenging for affected households.
Insurance companies operate independently when determining the availability and pricing of their products, and neither I, as Tánaiste and Minister for Finance, nor the Central Bank of Ireland has the legal authority to compel insurers to offer cover for specific risks. These restrictions derive from the EU’s Solvency II Directive, which expressly prevents Member States from intervening in insurers’ pricing or underwriting decisions.
Insurers rely on their own claims’ histories, risk assessments, and cost projections when deciding whether to provide cover. Factors such as inflation in building materials and labour are also influencing premium levels across the sector.
For homeowners seeking additional information, Insurance Ireland operates an Insurance Information Service for any queries, complaints or difficulties in relation to obtaining insurance, which can be contacted by telephone at 01 676 1914 or via email at feedback@insuranceireland.eu. Similarly, Brokers Ireland, the representative body for insurance brokers in Ireland, has access to a wide range of providers and products, and can offer advice for customers when sourcing cover. Brokers Ireland can be reached by telephone at 01 661 3067.
Furthermore, where homeowners are dissatisfied with an insurer’s decision, they have the option of making a complaint to the Financial Services and Pensions Ombudsman (FSPO). The FSPO can be contacted either by email at info@fspo.ie or by telephone at 01 567 7000.
In addition to the issue of insurance coverage, my officials have been advised by the Department of Housing, Local Government and Heritage that the Defective Concrete Blocks (DCB) Grants Scheme provides for homeowners to claim a Government grant of up to 100% of remedial costs (including demolition and rebuild) subject to meeting eligibility requirements and the overall grant scheme cap. Following Government approval, the overall grant cap increased from €420,000 to €462,000 in October 2024.
Designated local authorities under the Remediation of Dwellings Damaged by the Use of Defective Concrete Blocks Act 2022 can
administer the grant scheme and any queries relating to the scheme should be addressed to the relevant designated local authority in the first instance.