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The FCA has published a “Dear CEO letter” focusing on BI insurance. The FCA estimate that most policies have basic cover and do not cover pandemics. So on those policies the insurer is not obliged to pay out claims relating to the coronavirus pandemic. Where it is clear that the firm has an obligation to pay out, The FCA expect insurers to assess and settle the claim quickly and we are encouraging insurers to issue interim payments. We also outline the access to the Financial Ombudsman Service.
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The easiest way to start your list of belongings is to take out your phone and start videoing or taking photos …
26 Feb 2021
Everyone has possessions that they feel are irreplaceable. When insuring your home, it’s easy to focus on these “priceless” items. However, do …
26 Feb 2021
We are now entering the second month of the third lockdown and indications are that we are at least another month away …
9 Feb 2021