SV650.org - SV650 & Gladius 650 Forum - View Single Post

Bibio · 13-01-19, 01:15 PM

personally i would take it on the chin and get a new insurance policy. once brexit has been and gone then chances of ever getting compensation or even your outstanding premium back are pretty slim.

contact your broker..

Replacement insurance

If your broker can replace your policy with a new insurance provider, FSCS will pay the broker the return of premium compensation where we have reached an agreement with them. Your broker will then pass this return of premium on to your new insurance provider. Your broker/new insurer will tell you if they’ve replaced your policy and you will be able to cancel any replacement cover during the 'cooling off period'. FCSC and DGF will each fund their own share of return of premium to the new insurance provider. FSCS may not be able to pay compensation if a broker funds replacement cover or pays return of premium on its own without securing an undertaking from you that they are required to repay the broker.

13-01-19, 01:15 PM	#4
Bibio Member Mega Poster Join Date: Jul 2008 Location: here as devil's advocate Posts: 11,540	Re: Qudos Insurance warning!!!! personally i would take it on the chin and get a new insurance policy. once brexit has been and gone then chances of ever getting compensation or even your outstanding premium back are pretty slim. contact your broker.. Replacement insurance If your broker can replace your policy with a new insurance provider, FSCS will pay the broker the return of premium compensation where we have reached an agreement with them. Your broker will then pass this return of premium on to your new insurance provider. Your broker/new insurer will tell you if they’ve replaced your policy and you will be able to cancel any replacement cover during the 'cooling off period'. FCSC and DGF will each fund their own share of return of premium to the new insurance provider. FSCS may not be able to pay compensation if a broker funds replacement cover or pays return of premium on its own without securing an undertaking from you that they are required to repay the broker.