UK Insurance – Strategy Insights Europe http://strategyinsightseurope.co.uk/ Fri, 04 Jun 2021 20:06:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://strategyinsightseurope.co.uk/wp-content/uploads/2021/05/cropped-icon-32x32.png UK Insurance – Strategy Insights Europe http://strategyinsightseurope.co.uk/ 32 32 Hagens Berman UK LLP secures litigation funding, ATE Insurance and initiates litigation against Mercedes, further strengthening its global litigation against the automaker https://strategyinsightseurope.co.uk/hagens-berman-uk-llp-secures-litigation-funding-ate-insurance-and-initiates-litigation-against-mercedes-further-strengthening-its-global-litigation-against-the-automaker/ https://strategyinsightseurope.co.uk/hagens-berman-uk-llp-secures-litigation-funding-ate-insurance-and-initiates-litigation-against-mercedes-further-strengthening-its-global-litigation-against-the-automaker/#respond Fri, 04 Jun 2021 19:09:14 +0000 https://strategyinsightseurope.co.uk/hagens-berman-uk-llp-secures-litigation-funding-ate-insurance-and-initiates-litigation-against-mercedes-further-strengthening-its-global-litigation-against-the-automaker/

[London] – Hagens Berman UK, the London firm of world-renowned US law firm Hagens Berman Sobol Shapiro LLP, announces the latest developments in its class action lawsuit on behalf of UK Mercedes drivers affected by emissions fraud.

Hagens Berman UK has successfully secured substantial litigation funding from Harbor as well as significant Post Event Insurance (ATE) to protect its group of claimants. The company has taken legal action against Daimler AG, Mercedes Benz Cars UK Limited and Mercedes Benz Financial Services UK Limited, to assert claims by Mercedes drivers in England and Wales arising from diesel emissions.

Some 33,000 Mercedes drivers based in England and Wales have already expressed an interest in having Hagens Berman represent them in the group’s dispute and can now officially join the group (under the GLO procedure). Other interested parties are also still eligible.

“UK consumers have a similar right to compensation for illegal, deceptive and defective fraud implemented by Mercedes,” said Steve Berman, Managing Partner of Hagens Berman. “Following the US $ 700 million settlement against Mercedes, we spent the last year laying the groundwork for an equally successful litigation in the UK. We are now ready to hold Mercedes and the other defendants to account. “

First round: Consumer 1; Mercedes 0

An estimated 1.2 million potential applicants in England and Wales owning, leasing or operating affected Mercedes vehicles – currently or previously – have been affected, based on the fact that Mercedes has sold over 700,000 vehicles there concerned between 2008 and 2018.1. This includes private owners and businesses, such as fleet operators and car rental companies, as well as affected vehicle renters.

Hagens Berman’s U.S. litigation against Mercedes, led by Steve Berman, returned more than $ 700 million to U.S. owners of the affected BlueTEC dirty diesel Mercedes vehicles2, and led to a $ 2.2 billion settlement with the US Department of Justice, Environmental Protection Agency, and others in 2020.

Michael Gallagher, Co-Managing Director and Partner of Hagens Berman UK, comments: “Harbor’s case-specific funding and the fact that we have been successful in securing ATE coverage for claimants from the highest A + rated insurers demonstrates recognition of the merits of our case.

“ATE insurance is important to our customers and should be important to every customer requester, as it gives them an extra layer of value and security. We are especially proud to offer this to those who join our litigation group, in addition to a no-cost, no-cost arrangement. “

Gallagher added, “As a firm, we have an impressive reputation for investigating, researching and litigating global defendants and diesel emissions fraud. We will leverage that expertise and apply the same tenacity and attention to detail in pursuing our UK litigation. “

Hagens Berman United Kingdom launched in London in 2020 and is Hagens Berman’s first international office. The firm has retained a business leader – David Cavender of One Essex Court – to serve as QC in the case against Mercedes. In addition to its London-based team of lawyers, the firm will make other notable hires in the coming weeks.

Steve Berman comments: “We intend to grow our brand and reputation in the UK market where more can be done to defend the rights of consumers against wrongdoing and corporate violations and where the legal landscape is changing. changing. Along with our emissions and automotive work, where we will initially focus on Mercedes-related litigation in the UK, we intend to expand our practice and workload to other areas of law. , in particular in disputes relating to competition, consumer affairs, the environment, securities and civil rights. “

Current and former owners, tenants and operators of relevant Mercedes vehicle fleets in England and Wales who wish to learn more about the Hagens Berman UK Group Litigation Order can visit www.mercedes-dieselclaims.co.uk. This class action claim is conducted on a no-win, no-cost basis, which means there will be no entry or participation fees.


Source link

]]>
https://strategyinsightseurope.co.uk/hagens-berman-uk-llp-secures-litigation-funding-ate-insurance-and-initiates-litigation-against-mercedes-further-strengthening-its-global-litigation-against-the-automaker/feed/ 0
LMG speeds up recruitment with a new hub https://strategyinsightseurope.co.uk/lmg-speeds-up-recruitment-with-a-new-hub/ https://strategyinsightseurope.co.uk/lmg-speeds-up-recruitment-with-a-new-hub/#respond Fri, 04 Jun 2021 00:03:39 +0000 https://strategyinsightseurope.co.uk/lmg-speeds-up-recruitment-with-a-new-hub/

The London Market Group (LMG) has created a new recruitment portal for the industry. The group seeks to promote the London market and make visible the roles it has to offer to new and returning talent, regardless of their location.

The new hub provides a single location for insurers, brokers and service providers in the London market to post job vacancies. These jobs will be made available to thousands of students who have attended graduate fairs and other student employment events with LMG.

According to LMG, this builds on its existing London Insurance Life social media campaign for school-leavers and graduates.

The site includes a table of job vacancies; training and event information, including links to entry level online courses; profiles of some of London Insurance Life’s 150 ambassadors; and LMG scholarship application forms.

“It is essential to attract new talent to our industry as we seek to evolve towards a digitally driven world,” said
Greg Collins, CEO of Miller and chair of the LMG Talent Task Force. “This is LMG’s latest initiative that brings together all of our previous work by creating a community of graduates and young people leaving school. We can now connect this talent pool more closely with industry employers through the new portal. The addition of training resources and events targeting new graduates makes this a must-have for anyone recruiting or seeking a position in our industry.

“If you are an HR professional looking to strengthen your team to include non-traditional talent, I encourage you to start posting roles on the website and using it as a resource to train your future talents. “


Source link

]]>
https://strategyinsightseurope.co.uk/lmg-speeds-up-recruitment-with-a-new-hub/feed/ 0
London-based insurance company HealthyHealth changes name to Qumata, secures £ 7million in funding https://strategyinsightseurope.co.uk/london-based-insurance-company-healthyhealth-changes-name-to-qumata-secures-7million-in-funding/ https://strategyinsightseurope.co.uk/london-based-insurance-company-healthyhealth-changes-name-to-qumata-secures-7million-in-funding/#respond Thu, 03 Jun 2021 08:07:31 +0000 https://strategyinsightseurope.co.uk/london-based-insurance-company-healthyhealth-changes-name-to-qumata-secures-7million-in-funding/

Healthy, based in London, is a startup focused on transforming the life and health insurance underwriting journey through digital data. In a recent development, the company just announced that it has raised $ 10million (almost £ 7million) in a Series A funding round. Additionally, alongside the latest investment, the company was renamed Qumata.

Global expansion plans

The investment round was led by MMC Ventures with participation from AdirVentures, a number of other family offices and existing investors, including TMT Investments PLC.

The funds will help the company accelerate the global expansion of the current offering, following the commercial launch of the product with several large listed insurers in Europe, Asia-Pacific, the United Kingdom and North America. In addition, it will help the company to take advantage of the growing market demand.

In addition, current board members Luca Schnettler, Etienne Bourdon and Richard di Benedetto will be joined by Oliver Richards, partner at MMC Ventures and Barry Karfunkel, previously CEO of National General Insurance, listed on Nasdaq, and now founder. AdirVentures.

“Insurers are increasingly embracing digital innovation, but there are still significant opportunities for optimization, especially in the underwriting process. Our customers are already seeing significant benefits in using our technology to transform the traditional underwriting journey and benefiting from higher conversion rates and better underwriting results, ”commented Luca Schnettler, Qumata Group CEO,“ We ​​are also excited to announce our new brand. Since our founding in 2017, the company has evolved and built a strong presence in the world of insurance. As Qumata, we enable insurers to unlock the wealth of human data in mobile and portable devices – safely, securely and with the full consent of the client. “

“Qumata is uniquely positioned to deliver a much-needed transformation to traditional life and health insurance underwriting, with a truly innovative data science-based solution that is unique in the market,” said Oliver Richards, partner at MMC Ventures. “With a proven technology platform, a strong management team in place and ambitious plans for international growth, we are delighted to be a part of this exciting journey. “

HealthyHealth becomes Qumata

Qumata is well positioned to become the market benchmark for underwriting. With increasing levels of data available on individual health and wellness via mobile devices and wearable devices, there is a rich universe of information that insurers can acquire about the lifestyle and health of applicants, allowing thus to these an easier and more convenient purchasing process.

Replaces the traditional insurance process

Founded in 2017 by Etienne Bourdon and Luca Schnettler, Qumata’s API solution is integrated by insurance companies across multiple distribution channels, ranging from linked agents to independent intermediaries and online channels. This unique solution allows life and health insurance claimants to share their digital health data instead of time-consuming questionnaires or invasive medical exams.

Once consent is given by the applicant, their data is analyzed to predict applicants’ risk of developing medical conditions ranked among the hundreds and to assess “extra-mortality” and risks typically assessed by insurers to calculate their commercial premiums. . This simple and innovative API solution can replace traditional questionnaires and allows insurers to benefit from higher conversion rates, more precise risk selection and cheaper and automated underwriting.


Source link

]]>
https://strategyinsightseurope.co.uk/london-based-insurance-company-healthyhealth-changes-name-to-qumata-secures-7million-in-funding/feed/ 0
Aviva warns of increase in claims fraud during pandemic https://strategyinsightseurope.co.uk/aviva-warns-of-increase-in-claims-fraud-during-pandemic/ https://strategyinsightseurope.co.uk/aviva-warns-of-increase-in-claims-fraud-during-pandemic/#respond Wed, 02 Jun 2021 15:05:00 +0000 https://strategyinsightseurope.co.uk/aviva-warns-of-increase-in-claims-fraud-during-pandemic/

Law360, London (June 2, 2021, 4:05 p.m. BST) – Insurance giant Aviva warned on Wednesday that organized scammers were capitalizing on the COVID-19 crisis, after its figures suggested an increase in fraudulent claims in 2020.

The proportion of claims associated with fraud in 2020 – at the height of the pandemic in the UK – rose 10% from the previous year, the company said when publishing its findings on fraud in the general insurance sector. Aviva said it discovered more than 12,000 fraudulent claims in 2020 and estimated it cost the industry more than £ 113million ($ 160million).

The proportion of fraud detected on automobile claims has increased by 20%, despite the blockages …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS


Source link

]]>
https://strategyinsightseurope.co.uk/aviva-warns-of-increase-in-claims-fraud-during-pandemic/feed/ 0
Carpool clubs struggle to find insurance coverage https://strategyinsightseurope.co.uk/carpool-clubs-struggle-to-find-insurance-coverage/ https://strategyinsightseurope.co.uk/carpool-clubs-struggle-to-find-insurance-coverage/#respond Tue, 01 Jun 2021 20:15:00 +0000 https://strategyinsightseurope.co.uk/carpool-clubs-struggle-to-find-insurance-coverage/

The UK carsharing community is facing an insurance crisis, with clubs across the country struggling to find an insurer to cover themselves.

Some groups are being forced to disband and even take cars off the road after several insurers refuse to provide coverage, often with little explanation.

In Leeds, Alison Phelps’ local automobile club was forced to take two of its three cars off the road earlier this month after a rush to find new insurance coverage ended in disappointment .

Now the club, which has 16 drivers all living within half a mile of each other, has been forced to split into three groups with four named drivers for each vehicle.

This is a very different setup from the old three-car collective system that any member could drive at any time.

It “ruins the whole idea of ​​a co-op,” said Ms. Phelps, a retired university teacher. I. “We would much prefer to be a collective group.

Auto clubs across the country are increasingly facing the same problem, according to Richard Dilks, chief executive of CoMoUK shared transport charity, who told me that the problem had worsened over the past year.

“It’s a national problem from what we can understand, unfortunately there are a number of regimes in this position,” he said. I.

New car clubs are particularly struggling to find coverage, he said, with some groups having purchased cars that are now “stranded” without insurance. This is a “big obstacle” to launching new programs, he said.

Transport is the UK’s biggest source of carbon emissions, and passenger cars contribute most of this pollution. Climate experts say expanding car club use would reduce emissions by making car use more efficient – part of the so-called sharing economy.

The average British car spends 96% of its life parked. The campaign group Transport and environment estimates that an area of ​​the country the size of Birmingham is dedicated to parking the country’s private car fleet, many of which go unused for days. He calls on the Ministry of Transportation to make the expansion of automobile clubs a “political priority” under the government’s net zero program.

It’s unclear why insurers become so reluctant to offer coverage, with denials extending even to groups without a history of claims.

The Marmalade Lane co-housing community near Cambridge has had a running car club since 2019. The club now has 16 households sharing two cars, with plans to acquire a third soon.

But the group’s expansion ambitions were jeopardized earlier this year when their insurer refused to renew their coverage, despite the group having two years without a claim.

“It’s been quite a few stressful weeks that we had expansion plans and no insurers,” club member Frances Wright said. I. “It was really frustrating.”

Eventually the group found cover, costing £ 2,000 per car, but Ms Wright fears the task of finding insurance will prevent new clubs from forming.

“This is going to limit community-led initiatives, which are actually quite important,” she said.

“Trade clubs will not go to all parts of the country. So, especially for rural areas, this is a really limiting factor.

A spokesperson for the Association of British Insurers said: “We are aware of the issues some plans face and are working with our members, brokers and CoMo to understand this in more detail and identify potential solutions.


Source link

]]>
https://strategyinsightseurope.co.uk/carpool-clubs-struggle-to-find-insurance-coverage/feed/ 0
Security officials are more concerned with legal regulations than regulatory fines https://strategyinsightseurope.co.uk/security-officials-are-more-concerned-with-legal-regulations-than-regulatory-fines/ https://strategyinsightseurope.co.uk/security-officials-are-more-concerned-with-legal-regulations-than-regulatory-fines/#respond Tue, 01 Jun 2021 03:00:47 +0000 https://strategyinsightseurope.co.uk/security-officials-are-more-concerned-with-legal-regulations-than-regulatory-fines/

An overwhelming 90% of security officials are concerned about group legal settlements following a serious data breach, compared to 85% who are concerned about regulatory fines, Egress reveals.

Launched to commemorate three years of GDPR, research also found that 47% of consumers would likely join a class action lawsuit against an organization that leaked their data, proving the accuracy of security officials’ fears.

In response, 91% of security leaders are turning to cyber insurance to protect themselves from financial risk by purchasing new policies or increasing their coverage due to GDPR.

The survey, conducted independently by OnePoll on behalf of Egress, interviewed 250 security officials and DPDs in the UK and 2,000 UK consumers.

Security executives concerned about legal regulations for data breaches

  • 90% of security officials concerned about class action lawsuits for data breaches, while 85% are concerned about regulatory fines
  • 47% of UK consumers say they would join a class action lawsuit against an organization that leaked their data
  • 91% of security officials said they purchased cyber insurance or upgraded their policy as a result of GDPR
  • 67% of UK consumers know they have the right to take legal action against an organization that suffers a breach that exposes their personal data

CEO exit Tony pepper comments: “The financial cost of a data breach has always sparked discussions around GDPR – and initially it was thought that heavy regulatory fines would do the most damage. But the largely unintended consequences of class actions and independent litigation now dominate the conversation. Organizations can challenge the ICO’s intention to impose a fine to reduce the price, and over the past year, the ICO has shown leniency towards companies affected by a pandemic, such as British Airways , freeing them with significantly reduced fines that were seen by many as simply a slap on the wrist.

“With those affected being very aware of their rights and lawsuits may become an ‘opt-out’ for those affected in the future, security officials are right to be concerned about the financial impact of litigation.”

Lisa Forte, Partner at Red Goat Cyber ​​Security, comments, “The biggest financial risk after a breach is no longer in the regulatory fines that could be imposed. Lawsuits are now commonplace and could amount to writing a blank check if your data is compromised.

Businesses will need deeper pockets to cover lawsuits

European countries have generally not subscribed to a contentious way of regulating corporate behavior. This is changing and without explicit government intervention, companies will have to accept that they need deeper pockets to cover the gold rush that we are starting to see.

The recent Google case, which currently sits on the UK’s Supreme Court, could see group claims “opt-out” instead of “opt in”. This will inevitably mean that every affected client would be involved in the group action. This should be a major concern for businesses.

Companies really need to prioritize preventative measures both technical and human and have a tested incident plan in place. “

Eric Bedell, Chief Privacy Officer, Franklin Templeton, comments: “When implemented in 2018, GDPR set the tone for how the use of personal data should be regulated. When regulatory fines grabbed the headlines (and often used as a trigger for GDPR implementation), there’s a lesser-known aspect: the right to take legal action against an organization, not just for the wrongdoing. data breaches, but also for non-erasure. personal data, to rectify, to respond to data subjects’ access requests (DSAR) or to provide portable information.

If in the United States, under CCPA, we have seen many actions, in Europe it is not (yet) widely used. However, I predict this will increase as this right to sue becomes more popular – especially knowing that the ICO publishes a webpage to provide guidance to those affected who take such actions. As a business, this is a risk you want to consider, perhaps more than regulatory fines, in my opinion. “

Cyber ​​insurance won’t help recover reputation damage

Edina Csics, GDPR and Data Protection Consultant at GIS-Consulting, comments: “While cyber insurance can cover financial damage caused by a data breach, it will not help recover damage to reputation. I hope that the 91% of those surveyed who changed their cyber insurance policy in response to GDPR also considered doing the right thing by putting in place more serious measures than employee security training per click and by also remedying their poorly implemented security technologies. instead of purchasing cyber insurance. Data breaches do happen, and it’s a matter of when and not if, but in many cases they could be prevented.

But whatever their motivation, whether for fear of class actions or regulatory fines, to take action to avoid financial damage, their actions can work in favor of consumers and the protection of their data.

Having said that, looking at the past activity of the ICO and its habits of implementation, I am inclined to understand why security officials are more concerned with the actions of those directly affected – the people concerned whose Personal data is subject to their non- fairly tight security measures – and data protection activists who have an even greater will to prove that organizations can do more to protect personal data. “


Source link

]]>
https://strategyinsightseurope.co.uk/security-officials-are-more-concerned-with-legal-regulations-than-regulatory-fines/feed/ 0
Howden Specialty Appoints New Division Director for Sustainable Energy Practice https://strategyinsightseurope.co.uk/howden-specialty-appoints-new-division-director-for-sustainable-energy-practice/ https://strategyinsightseurope.co.uk/howden-specialty-appoints-new-division-director-for-sustainable-energy-practice/#respond Mon, 31 May 2021 11:01:08 +0000 https://strategyinsightseurope.co.uk/howden-specialty-appoints-new-division-director-for-sustainable-energy-practice/

As Division Manager, Hegebach will be based in São Paulo, Brazil and will report to Howden Specialty, Head of Sustainable Energy, Deborah Duss. He will work closely with the sustainable energy team at the company’s hubs in London, Miami, Singapore, Dubai, Bermuda and Luxembourg.

Most recently, Hegelbach served as Division Director of Willis’ Financial Solutions team. Previously, he worked as an energy underwriter for Swiss Re, focusing on risks related to electricity and utilities, oil and gas and mining. Hegelbach has also held positions at Credit Suisse, Siemens and Advisory House.

“Being able to offer our sustainable energy clients a dedicated advisory service alongside our specialist brokerage expertise will ensure them to benefit from the best possible long-term results and further expand our growing portfolio of renewable energy clients. Said Howden Specialty, Head of Sustainable Energy Deborah Duss. “Severin’s experience in energy underwriting, his experience in financial consulting, his in-depth technical knowledge and his passion for renewable energies make him uniquely qualified to lead this new department.”

“I am delighted to join Howden’s sustainable energy initiative at such a pivotal time for the company and the industry, as the team continues to grow and customers increasingly focus on on the risks associated with sustainable development. Howden continues to prove himself as an innovator in the field of sustainability, demonstrating the agility to meet both customer needs and emerging risks, ”commented Hegelbach upon his appointment.

Hegelbach added that “no renewable project is the same” and that he looks forward to working with the company’s clients to proactively manage their risks.


Source link

]]>
https://strategyinsightseurope.co.uk/howden-specialty-appoints-new-division-director-for-sustainable-energy-practice/feed/ 0
Warning addressed to holidaymakers who have already had an EHIC card https://strategyinsightseurope.co.uk/warning-addressed-to-holidaymakers-who-have-already-had-an-ehic-card/ https://strategyinsightseurope.co.uk/warning-addressed-to-holidaymakers-who-have-already-had-an-ehic-card/#respond Sun, 30 May 2021 11:59:31 +0000 https://strategyinsightseurope.co.uk/warning-addressed-to-holidaymakers-who-have-already-had-an-ehic-card/

A consumer expert has issued a warning to vacationers who have already had an EHIC card.

A European Health Insurance Card or EHIC allows UK travelers to get limited coverage for health issues when visiting EU countries.

However, with the sudden changes in a country’s tourism policy at home and abroad along with ever-changing Covid regulations, it can be difficult to plan a vacation in today’s climate.

You can land in a green country that turns orange or red causing a whole bunch of confusing rules and fees, Mirror reports.

If you are planning to book a vacation abroad, make sure you have some great ones on one side just in case of worst-case scenarios or keep a lot of the credit on your credit card for peace of mind.

Whatever you do, make sure you have a comprehensive travel insurance policy – because from lost handbags to the sea wall fall, a lot of other things can go wrong while on vacation.

And why not make sure you have some free perks as well.

Consumer expert Martyn James explains how the EHIC card changes and why you still need travel insurance.

Travel, health issues and the EHIC card

An old EHIC or E111 card may be hiding in your wallet or purse.

These cards (the European Health Insurance Card and its predecessor) allowed UK travelers to get limited coverage for health issues when visiting EU countries (and a few other countries like Switzerland, Norway , Iceland or Liechtenstein).

While the EHIC card is a useful – and free – thing to have on hand when traveling abroad, it was never intended as a substitute for travel insurance.

The things the card covered you for varied from country to country and generally allowed some free or reduced public health care.

Many vacationers have come to harvest after wandering around a private hospital without realizing it, only to be hit by a bill. Either way, it was definitely worth traveling with the map handy.

Now that we have left the EU, the EHIC card will eventually cease to exist.

Check the expiration date on the card – yours will be valid until that date.

The good news is that there will be a replacement, the GHIC card. The GHIC (Global Health Insurance Card) has just been announced by the government and is available for free on the NHS website.

The new rules are a bit complicated, so it’s easier to say, don’t assume your old EHIC or new GHIC will cover you in all countries, so check the Gov.uk website before you travel.

Now if you think you can put in a sneaky app and get an extended EHIC expiration, I’m afraid the system will figure it out and force you to ask for a replacement card.

You need your National Insurance Number to apply so that you also cannot use different registration details.

A word of warning. Mainstream website MoneySavingExpert pointed out that there are a number of fake websites that look official but are charged to help you with the application process.

It’s legal, but immoral. So only browse the official government site. The card and the process are free, so if someone asks for money, you know it’s not legitimate.

Travel insurance

Even if the EHIC / GHIC card is covered in the country you are traveling to (and don’t be fooled by the “global” – there is still a lot to do), you must have a comprehensive travel insurance policy.

It has been a chaotic year for travel coverage, with new policies drying up completely at one point.

Good news though, you can still get policies and many of them will cover you for Covid – but only if you’re diagnosed (not just showing symptoms).

Travel insurance documents are long and complicated, but it is very important that you read the key fact documents so that you know exactly what you are covered for and what the deductible limits / claim requirements are.

Remember to take the documents with you if you are traveling – and keep the emergency request number and your police number on your phone or email so you can locate it quickly if you need it.

Resolver can help you with all your holiday and travel issues and complaints for free at www.resolver.co.uk


Source link

]]>
https://strategyinsightseurope.co.uk/warning-addressed-to-holidaymakers-who-have-already-had-an-ehic-card/feed/ 0
Don’t fall for £ 100 content coverage on a £ 60k motorhome https://strategyinsightseurope.co.uk/dont-fall-for-100-content-coverage-on-a-60k-motorhome/ https://strategyinsightseurope.co.uk/dont-fall-for-100-content-coverage-on-a-60k-motorhome/#respond Sat, 29 May 2021 21:16:05 +0000 https://strategyinsightseurope.co.uk/dont-fall-for-100-content-coverage-on-a-60k-motorhome/

Do you have the right insurance for your motorhome? Don’t fall for £ 100 content coverage on a £ 60k motorhome

With interest in motorhomes of all age groups increasing during the staycation boom, there are now almost a quarter of a million owners in the UK.

The realization that few vacations are better suited to self-contained accommodation and social distancing has fueled demand for all types of these vehicles, from converted motorhomes to hotels on wheels.

But many buyers have inadequate insurance, with standard vehicle policies costing more and with less coverage than those available from specialist providers. As the average cost of a new motorhome is now around £ 60,000, this can be a costly mistake.

Lee Stephenson and his wife Nicola have a specialist policy of £ 309 per year

Why we chose the specialized policy

A wheel clamp and two alarms did not stand in the way of thieves who went to Lee Stephenson’s camper van in February while it was parked behind his brother-in-law’s house. No one heard a noise.

But thanks to a specialist policy of £ 309 per year that he took out with Caravan Guard when he bought the used vehicle for £ 38,000 in 2017, the 58-year-old carpenter was fully reimbursed within ten days.

This allowed him to secure an equivalent motorhome in time to take a few planned breaks with his wife Nicola, also 58, and Cockapoo, Bert.

He was awarded £ 38,000 for the loss of the vehicle and an additional £ 5,000 for contents, which ranged from furniture and an awning to a satellite and two televisions.

Lee, who lives in Kenilworth, Warwickshire, said: ‘I did a lot of research online and chose Caravan Guard because I wanted to have peace of mind knowing that most of the content on my campsite because was covered and that if I broke down, I would have another accommodation. and my vehicle was broadcast home.

Many smaller RV owners simply add their vehicles to standard car or van insurance policies, while those with larger vacation homes on wheels often cover them through very restrictive basic policies bearing the name. motorhome coverage from well-known auto insurers.

A particular downside to these alternatives is that they tend to offer minimal content coverage, sometimes as little as £ 100. But the value of personal property and equipment on board is normally much greater. Awnings alone can cost anywhere from £ 1,500 to £ 2,500.

However, a number of specialist insurance providers, most of which do not appear on comparison sites, offer a much higher content limit. For example, £ 5,000 with Caravan Guard, Comfort Insurance and Shield Total Insurance, and £ 3,000 with Adrian Flux Insurance Services. The additional coverage is extremely important in light of a recent boom in theft.

Caravan Guard has seen a doubling of theft claims over the past five years and expects this year to be the worst ever. Thieves are able to bypass even the most modern security measures.

Scott Goodliffe, Product and Underwriting Manager at Adrian Flux Insurance Services, says: “Thieves have devices that can copy the signal from an electronic motorhome key, unlock the vehicle and start it without setting off the alarm. .

Specialty insurers can also offer many other benefits not available on lower policies.

These include cover for gas blasts, alternative accommodation, repatriation and specialized breakdown cover – standard breakdown cover normally has weight and length restrictions that exclude motorhomes from being relayed. .

Ben Cue, Managing Director of Comfort Insurance, says, “When you buy an RV, you buy a vacation, and we can make sure you keep your vehicle on the road during that time. Our network of repairers can at least do temporary repairs to keep you in working order and then do the full repair at the end of your trip.

Their ability to provide unlimited or very generous windshield coverage, which applies to all windows in the vehicle, is also important, as standard auto policies often limit it to a few hundred pounds. Windshield claims, which can reach £ 8,000 on luxury vehicles, account for almost half of all motorhome claims.

All specialists have slight differences in their policy coverage, and some offer more than one policy type, so it’s important to select the right one for your needs.

Average annual premiums, at around £ 350, are lower than most standard car policies, as specialist insurers know that the average motorhome only drives around 5,000 miles per year.

Specialized suppliers: Caravan Guard (caravanguard.co.uk, 01422 396860); Comfort insurance (assurance-confort.co.uk, 020 8984 5327); Shield Total Insurance (shieldtotalinsurance.co.uk, 0800 393966); Adrian Flux Insurance Services (adrianflux.co.uk, 0800 089 0035).

SAVE MONEY ON MOTORIZATION

Publicity


Source link

]]>
https://strategyinsightseurope.co.uk/dont-fall-for-100-content-coverage-on-a-60k-motorhome/feed/ 0
Wesley Street Weymouth flowers could be saved after insurance fiasco https://strategyinsightseurope.co.uk/wesley-street-weymouth-flowers-could-be-saved-after-insurance-fiasco/ https://strategyinsightseurope.co.uk/wesley-street-weymouth-flowers-could-be-saved-after-insurance-fiasco/#respond Fri, 28 May 2021 23:01:00 +0000 https://strategyinsightseurope.co.uk/wesley-street-weymouth-flowers-could-be-saved-after-insurance-fiasco/

A RADIUS of hope was offered to residents of a Weymouth street who were told to purchase insurance for the flowers outside their homes.

As reported, residents of Wesley Street received a written warning from Dorset Council of flowers and plants on the street outside their front doors, followed by a visit from highways officials who said they should pay third party liability insurance, at an unknown cost, in order to obtain a planting permit.

The news came as a blow to the green-fingered locals – after they and their flowers drew wide support to brighten the street.

But hopes are now raised, as a constructive public meeting was held on Thursday evening.

Residents of Wesley Street were joined by supporters from the Weymouth area, as well as Jon Orrell, Dorset adviser to Melcombe Regis, who may have found a solution.

Cllr Orrell, obviously very passionate about helping residents save flowers, suggested residents join the ‘Transition Towns Weymouth and Portland’ program, which aims to support local community projects, with a particular focus on the response to climate change and popular campaigns.

“The Transition Town project is covered by £ 5million liability insurance – so by signing up for the program I hope the people of Wesley Street can find a solution,” he said. “I’m determined to do everything in my power to make sure the flowers stay because that’s exactly the kind of thing we want to encourage – residents deserve their efforts to be proud of their community to be recognized and appreciated. ”

Cllr Orrell – who is chair of the Transition Towns program – has said he will now work with Dorset Council officers to determine whether the liability insurance issue can be resolved by such a decision.

The residents also decided to set up a new committee – and a vote was taken on its name – with a majority in favor of “Flowers of Wesley Street”.

John Simmance, who is a publican at the Duke of Albany pub, where the social distancing meeting was held, praised the efforts of residents and said the streets were one of the reasons he decided to move to the city.

And resident Robin Clark said there was a strong sense of community on the street as it took little time for him to get to know his neighbors and make friends, having recently moved to Wesley Street from Wyke Regis. “They deserve to be presented as an example to others – and not as an example,” he said.

Other meeting attendees had come from other parts of the city to show their support after reading the coverage of the story in Echo.

The next meetings of the newly formed group “Flowers of Wesley Street” will take place shortly.

To learn more about the transitional towns of Weymouth and Portland, visit weymouth-and-portland-transitiontown.co.uk


Source link

]]>
https://strategyinsightseurope.co.uk/wesley-street-weymouth-flowers-could-be-saved-after-insurance-fiasco/feed/ 0