Irish charities to benefit from insurance rebate
Howard Lake | 1 May 2020 | News
Charities in Ireland will benefit from a car insurance rebate linked to the coronavirus crisis.
Liberty Insurance is offering to give its customers a rebate because of the deduction in claims as drivers stay off the roads because of the coronavirus lockdown. The customer rebates will amount to around €5 million.
Each customer will receive 15% of their existing premium for two months, provided this reaches a minimum amount of €10. However, for practical reasons customers will have to request rebates, beginning on June 8 via the insurer’s website.
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Customers can either claim the refund through a “cash equivalent voucher” or they can ask the company to donate it on their behalf to a charity assisting with the frontline response to Covid-19. If the money is not collected during the timeframe, each customer’s entitlement will be given to charity.
Liberty is estimated to have a roughly 10 per cent market share in Ireland, equating to 200,000 motor policies. On that basis customers would receive a €25 rebate.
Meanwhile, the charity umbrella organisation The Wheel said its most survey of its membership reveals that between 70%-90% of its 1850 members have had to cancel fundraising events.
Deirdre Garvey, CEO of The Wheel, said in some cases that represents between 20% and 100% of an organisations funding and that it would have a serious impact on their ability to deliver services.
Ms Garvey called for urgent support to help charities with their cashflow.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.