FSCS Warn Enterprise Insurance Customers of Imminent Collapse

Posted on October 6, 2016 by


FSCS Warn Enterprise Insurance Customers of Imminent Collapse


Enterprise Insurance has issued a statement informing all its policy holders their policies will be disclaimed on the effective date of 26th October 2016, giving its holders around 1 month to find new insurance.

 

The FSCS, whom have been paying out enterprise customers’ insurance claims, has now urged all policy holders to find new brokers before said date, as their policy will become invalid which is illegal and dangerous for those who purchased motor insurance.

FSCS have been processing eligible claims for Enterprise customers and now policy holders with Enterprise Insurance are now eligible to claim back the return of their premium through FSCS’s compensation scheme.

“We strongly urge all existing Enterprise motor insurance customers to find new cover ASAP. FSCS will continue to protect until the deadline. FSCS have already paid almost £7million in claims mostly on Enterprise insurance policies. But we cannot pay for claims that happen after the cancellation. Your insurance broker will be ready to help you find a new policy.”

Mark Neal, FSCS Chief Executive, FSCS.org.uk

How Do I Get My Insurance Premium Money Back from Enterprise?

Making a claim with FSCS is straight forward and free of charge. You can make a claim through their website, by post or most efficiently by giving them a call.

Once FSCS receive a claim, they will then confirm whether the company is in default. As Enterprise is, they will then ask you to submit an application which they will then review and process. FSCS will then write to you to inform you of the decision, and a payment will then follow.

How We Can Help You After The Collapse Of Enterprise Insurance?

We understand the issues caused by the collapse of Enterprise Insurance and their recent announcement for all policies to be cancelled by Weds 26th October 2016. At Insure 24-7 we only deal with reputable UK based insurers and are offering very competitive rates for October and we are now offering all Taxi Policies on a 0% Broker Admin Fee!

We are also offering a Price Promise to beat any quote available locally in your area. (T&C Apply)

Why Insure 24-7?

  • Local Broker who understands your needs
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Call us Today on 0330 555 6000 or visit one of our branches in Manchester, Burnley and Peterborough.