15/10/2026
Underinsurance: A Growing Problem for Irish Homeowners.
Your home may be insured. But is it insured for enough?
With rebuilding costs continuing to rise across Ireland, homeowners could be facing a significant financial shortfall without even realising it.
Recent Irish insurance research highlights the potential scale of the problem:
🔹 €83,153 – The average shortfall identified in underinsured home and contents cases assessed in 2026.
🔹 1 in 3 – Underinsurance cases had cover for only half of the estimated rebuild or replacement cost.
🔹 7% – The increase in average home rebuilding costs nationally, according to the SCSI's 2025 research.
These findings highlight an important distinction: the market value of your home is not the same as its rebuilding cost.
If your property is underinsured, you could be left responsible for a substantial portion of the costs following a claim. Depending on your policy terms, underinsurance may also reduce the amount paid for partial damage.
At Dolmen Insurance Brokers, we understand the importance of ensuring your home and its contents are adequately protected.
Whether you've renovated, extended your property or simply haven't reviewed your buildings sum insured recently, now is a good time to reassess your cover.
Protecting your home starts with understanding what it would cost to rebuild it today.
Speak to our team today to review your home insurance requirements.
www.dibl.ie
Sources: OUTsurance (2026), Society of Chartered Surveyors Ireland (2025). OUTsurance figures relate to its assessed claims and are not national estimates.
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Dolmen Insurance Brokers ltd is regulated by the Central Bank of Ireland. Registered in Ireland: Company Reg. No. 293180.
