PMPA Insurance is advising home owners to review their home insurance premiums to ensure they are adequately covered. Rising house prices and the increased cost of rebuilding or making alterations to the home make under-insurance an industry concern.

PMPA reports that at least 50 per cent of its customers who have their homes insured may not have factored in these rising costs.

The latest figures from the Society of Chartered Surveyors shows the costs of repairing or rebuilding are considerably higher than a year ago. The cost of rebuilding a three-bedroom, semidetached house has increased by 28 per cent in Dublin, 27 per cent in Cork and 20 per cent in Galway.