06/06/2026
Insurance Scam
Recently, a neighbour had a leak in the plumbing of his house . It had been running under the floor for some time before it reared its ugly head.
I am sure this has happened to others, so in itself , although it was an unmitigated disaster, phoo happens.
However, here is the real clanger concerning house Insurance.
When my neighbour insured the house he insured it at the current estimate value. So when he made the claim he waited for the assessor to arrive. All went well until assessor turned around and in formed him,
“ your property is undervalued “.
This resulted in a 10,000.00 reduction in his claim. After investigation my neighbour discovered that this is a regular ploy utilised by the insurance companies.
These companies through manipulation, write their own narrative to facilitate themselves and are not held accountable.
Here is the thing, when you insurance your home you are not insuring against damages that occurs, but rather ,the value of the house.
So consequently if the value of your house increases this anomaly allows the insurance companies to devalue your claim, because now, you’re undervalued due to the increase in market price of your property.
Once again home owners are victimised. The lack of proper supervision and regulation by government allows these greedy charlatans to exploit the vulnerable and conjure up their own rules.
This technically is theft under the guise of self regulation.
The “executive government” of Ireland once again abandons its citizens in favour of big corporations.
I have the verification of this scam.
Noel King, June 2026