The FSCS aim to pay Enterprise Taxi Insurance Compensation as close to 26th October 16 as possible and within 30 days of that date.
Enterprise Taxi Insurance Compensation to Policyholders
Please read the following VERY IMPORTANT information as it applies to all policyholders seeking Enterprise Taxi Insurance Compensation insured through A19 Insurance.
Orbit Underwriting (the wholesale broker that we used to arrange Enterprise Taxi Insurance Policies) have received confirmation from the Financial Services Compensation Scheme that compensation will be paid directly to the Finance Company in instances where a Policyholder’s premium is being funded by a Finance Credit Agreement.
Orbit Underwriting have also received confirmation that if a Policyholder does not have a Finance Credit Agreement, The FSCS will pay compensation directly to the Policyholder which will be processed automatically with no need for your customer to contact them.
It is therefore very important that Enterprise Insurance Policyholders continue to make payment to Premium Credit in accordance with their credit agreement. Failure to do so may result in being ineligible for compensation.
The FSCS aim to pay compensation as close to 26th October 2016 as possible and within 30 days of that date.
Orbit will submit all data relating to cancellation refunds to the FSCS. This information will then be reconciled and agreed by the Provisional Liquidator.
Should you wish to discuss your Enterprise Taxi insurance Policy or Enterprise Taxi Insurance Compensation, please ring the designated Enterprise Taxi Insurance phone number on 0191 5195357. A member of our A19 Insurance staff will try to help you with any queries.