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Used car values and your insurance policy

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By John Healy of Healy Insurances

According to some recent surveys used car values have increased substantially over the past two years.

A survey from Cartell.ie, an automotive data supplier, showed the average second hand car is worth 16% more now than last year. A second survey completed by DoneDeal confirmed used car prices are nearly 50% higher than they were before the pandemic in January 2020.

The analysis from DoneDeal, in conjunction with Trinity College and NUI Galway, found that in the three months to June, used car prices have increased by 10.6%. Not only that, but the research indicates that prices are still increasing and the rate appears to be speeding up.

What is driving this increase?

It is a combination of factors including Brexit and the trade issues that have been created as well as the continuing supply chain challenges brought about by the pandemic.

In addition, lead in times for delivery of new vehicles have been extended primarily due to a global shortage of microchips.

There has also been a huge decrease in imported vehicles from the UK since Brexit and this is certainly adding to the price inflation.

From an insurance perspective most insurers operate on a pre-accident value format in the event of a claim. The pre-accident value is calculated by the assessor based upon market trends and so should take into account the current spike in prices. However, some insurers use the vehicle value when rating the policy. It is advisable to review the vehicle value in advance of your renewal date and update it if necessary.

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SURVEY: Locals are reducing their social contacts

It is just over a week since new restrictions were announced by the Government in an another effort to curb the spread of COVID-19. In our latest online poll we asked our readers if they had reduced their social contacts over the course of the last week. An overwhelming 62.90% said they had reduced their […]

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It is just over a week since new restrictions were announced by the Government in an another effort to curb the spread of COVID-19.

In our latest online poll we asked our readers if they had reduced their social contacts over the course of the last week.

An overwhelming 62.90% said they had reduced their level of contacts with people.

Interestingly, 37.10% of people had made no change to their lifestyle, but they could have been extra cautious already.

A tiny minority – just 1.61% – said they increased their social contacts over the last week.

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Staff and students highlight important message

By Michelle Crean Local students went to great efforts on Friday last to highlight a very important message about inclusion. Staff and students in Killarney Community College came together for ‘Stand Up Awareness Week’ as part of a national campaign where second-level schools take a stand against homophobic, biphobic and transphobic bullying. All staff wore […]

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By Michelle Crean

Local students went to great efforts on Friday last to highlight a very important message about inclusion.

Staff and students in Killarney Community College came together for ‘Stand Up Awareness Week’ as part of a national campaign where second-level schools take a stand against homophobic, biphobic and transphobic bullying.

All staff wore a rainbow colour and students wore rainbow coloured accessories to show their support for the campaign as Killarney Community College is a diverse, inclusive, accepting, and welcoming safe space for everyone.

The majority of students made a particularly great effort in terms of wearing rainbow coloured accessories were awarded house points.

During the week, the LGBTI+ flag was hanging proudly in the school canteen. Transition Years decorated the General Purpose area with informative posters, and in SPHE classes, students learned about LGBTI+ terminology and history.

“It’s important that school is a safe and inclusive place for anyone attending regardless of their race, sex, religion or sexuality,” Principal, Stella Loughnane, said.

“I’m delighted that our school community marked the occasion and brought great colour while highlighting a very important message. One of the key words of our mission statement is inclusion making this awareness day a very apt one.”

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