2015 November Archive | Brady Burns Insurance Brokers.

Monthly Archives: November 2015

Health Insurance: Frequently Asked Questions

http://www.independent.ie/business/personal-finance/must-i-wait-five-years-to-cover-my-existing-condition-if-i-switch-private-health-insurer-34221596.html

Dermot Goode

Published 22/11/2015 | 02:30

Must I wait five years to cover my existing condition if I switch private health insurer? I am thinking of switching private health insurer. My renewal quote has just come in - and it's about 20pc more expensive than last year. When I asked my insurer for a better deal, it couldn't offer me a cheaper alternative. I've been with the same insurer now for about 10 years. My insurer also told me I wouldn't be able to switch elsewhere without serving the waiting period all over again - because of a pre-medical condition of mine. I had a stroke a few years ago and if I have to serve the full waiting period again, I understand that means I would have to wait another five years for cover...

Brokers warn motor insurance to soar by 15%

http://www.irishexaminer.com/business/brokers-warn-motor-insurance-to-soar-by-15-362626.html Eamon Quinn | Irish Examiner

Motor insurance costs are likely to soar by up to 15% in the coming year — on top of the near 27% hikes over the past year, the country’s largest brokers’ group said yesterday. Brian McNelis, director of general insurances at the Irish Brokers’ Association —which represents 450 big and small brokers selling insurance across the country —also warned about the inevitability of even more car insurance premium hikes until loss-making insurance underwriters start making money again on their Irish business. “Premiums are definitely going to increase in the local market. It will be (a rise of) 10% to 15% coming down the line, on average. By next autumn prices will be up to 15% higher on average,” Mr McNelis told the Irish Examiner. “It is going to continue until the insurers...