Concerns rise over increasing insurance costs for thatched properties

In a small village in Co Louth, the owner of a historic thatched pub is facing a huge financial burden due to soaring insurance costs. Stuart Carolan, who co-owns The Morning Star with his father, has seen their insurance premium skyrocket to nearly €20,000, making it financially unsustainable for their business. Despite investing significant amounts into maintaining and improving the thatched roof, insurance companies are reluctant to provide affordable coverage, citing increased fire risks associated with such properties.

The Department of Housing is aware of the challenges faced by owners of thatched buildings, with fire safety being a major concern influencing insurance costs. While efforts are being made to improve fire safety measures, insurance providers remain cautious in underwriting new thatched properties, leading to a decline in available coverage options. The lack of competition in the market has left owners like Mr. Carolan scrambling to find affordable insurance solutions for their cherished properties.

As the cost of maintaining thatched roofs continues to rise, the future of these historic buildings hangs in the balance. More support from the government and increased competition in the insurance market are needed to ensure the preservation of Ireland’s beloved thatched properties.