Homebond’s repudiation of purchasers’ claims – was it lawful?
Joseph Tyrrell (FCII, FCILA, FUEDI-ELAE), an insurance claims expert from Dublin, has published an extensive report on HomeBond’s repudiation of purchasers’ claims under the Major Defects Warranty in the HomeBond Agreement for Damage by Pyritic Heave.
report executive summary
In the report summary, Joseph Tyrrell writes:
“Following a wide-ranging investigation, I am satisfied that HomeBond’s rejection of hundreds of its warranty-holders’ claims was invalid, for reasons which I have examined in detail in the main body of this report…”
“It is astonishing, to my mind, that no one in authority appears to have looked closely at the reasons given for wrongfully turning down so many Purchasers’ claims, but it seems that this is what happened and that HomeBond has thus far got away with its shameful behaviour.