Irish homeowners face major shortfalls as underinsurance leaves rebuild costs half-covered

An Irish insurer reports that many homeowners are underinsured, with payouts covering only about 50% of rebuild costs, exposing policyholders to significant financial losses. This highlights a systemic issue in the Irish property insurance market, potentially affecting consumer confidence and insurer liabilities. The claim is based on insurer data, but the exact scale and regional variation remain uncertain.