http://www.easyquote.ie/blog/index.php/apartment-owners-could-see-up-to-e5000-deducted-from-future-insuranc-claims/ EasyQuote Online Insurance Magazine Ireland Sat, 28 Aug 2010 16:52:05 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.easyquote.ie/blog/index.php/apartment-owners-could-see-up-to-e5000-deducted-from-future-insuranc-claims/#comment-1244 admin Fri, 06 Aug 2010 18:27:57 +0000 http://www.easyquote.ie/blog/?p=58#comment-1244 Hi Sinead, Sorry for the delay getting back to you - your comment was somehow overlooked. Insurers effectively see everyone in a particular apartment block as the same insured. So you are going to be hit with premium increases + higher excess for the claims of others, even though you have never claimed & are in fact out money through no fault of your own. In my opinion the block management company should take more control of the situation. I feel that the management company should pay the excess out of the management fee. Also, the management company should try to put some controls in place to control leaks and other claims - especially where a single apartment owner is responsible for multiple claims. Hi Sinead,
Sorry for the delay getting back to you – your comment was somehow overlooked.
Insurers effectively see everyone in a particular apartment block as the same insured.
So you are going to be hit with premium increases + higher excess for the claims of others, even though you have never claimed & are in fact out money through no fault of your own.
In my opinion the block management company should take more control of the situation. I feel that the management company should pay the excess out of the management fee. Also, the management company should try to put some controls in place to control leaks and other claims – especially where a single apartment owner is responsible for multiple claims.

]]> http://www.easyquote.ie/blog/index.php/apartment-owners-could-see-up-to-e5000-deducted-from-future-insuranc-claims/#comment-610 Sinead Wed, 21 Apr 2010 16:23:34 +0000 http://www.easyquote.ie/blog/?p=58#comment-610 We have found ourselves in precicely this situation. Our upstairs neighbours shower was leaking over a period of time, causing damage to walls, celing, carpet and electrics in our apartment. I was shocked to learn that our excess is now €1200, despite the leak being in another apartment! We have never made a claim and have already borne the substantial cost of replacing a water pump that wasn\'t covered by the policy either. How can these increases be deemed reasonable? We have found ourselves in precicely this situation. Our upstairs neighbours shower was leaking over a period of time, causing damage to walls, celing, carpet and electrics in our apartment. I was shocked to learn that our excess is now €1200, despite the leak being in another apartment! We have never made a claim and have already borne the substantial cost of replacing a water pump that wasn\’t covered by the policy either. How can these increases be deemed reasonable?

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