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Householders need to inform banks and Insurance providers of Defective Blocks
- Updated: 21st September 2023
At a recent meeting with the Redress Focus Group- Banking and Insurance they informed Deputy Pringle that the main banks and insurance companies have informed them that they are getting very few complaints or contacts from customers in relation to how defective blocks are affecting them, so they are saying there isn’t a problem.
‘I feel it is vitally important that people who have defective blocks in their houses let their mortgage providers and insurance companies know that they have a problem. It is only then that they will have to stop denying the problem and work with householders to actually come up with solutions. They will also then put pressure on the government to implement a scheme that will actually repair and restore properties for families’.
‘Banks are happy to use mortgages to borrow money to fund their profits and turn a blind eye to any potential problems. They need to be open and transparent that they are partners in the defective blocks crisis and not innocent bystanders’.
‘The only way to force them to take notice is to formally make them aware that there are issues’.
‘I worry that some people believe that they will lose insurance on their property if they tell them that they have defective blocks. But if people make a claim I believe that the company will look for defective blocks and will not cover households that have not informed them of an issue’.
‘It is clear that the government don’t want to know any more about the issue of Defective Blocks and householders need to force them to act by forcing the Banks and Insurance Companies to take notice. Fianna Fail, Fine Gael and the Greens will listen to the Banks before householders unfortunately so we need to force them into the game to protect their assets’.
