126 Deputy Clare Daly asked the Minister for the Environment, Community and Local Government his views on whether HomeBond structural defects insurance was fit for purpose prior to 2008, noting that the Law Society issued a warning identifying the overall limit of liability in respect of any one housing developer as seriously inadequate; if it is currently fit for purpose in view of the fact that the current HomeBond structural defects insurance introduced in 2008 has an indemnity limit of €100,000 per housing unit together with a maximum indemnity limit of €2 million for all houses constructed by any developer; the action he will take regarding same; and if he will make a statement on the matter. [30551/11]

Summary

126 Deputy Clare Daly asked the Minister for the Environment, Community and Local Government his views on whether HomeBond structural defects insurance was fit for purpose prior to 2008, noting that the Law Society issued a warning identifying the overall limit of liability in respect of any one housing developer as seriously inadequate; if it is currently fit for purpose in view of the fact that the current HomeBond structural defects insurance introduced in 2008 has an indemnity limit of €100,000 per housing unit together with a maximum indemnity limit of €2 million for all houses constructed by any developer; the action he will take regarding same; and if he will make a statement on the matter. [30551/11]

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• Building Insurance

  xml · EN · 20 October 2011

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