KEY FACTS –The reason for company failures 35% due to insufficient reserves 21% due to rapid growth (under pricing) 10% due to alleged fraud High profile collapses Gable 2016 – 200,000 policyholders Enterprise 2016 – 48,000 policyholders Quinn 2010 – 1.3m policyholders Make sure the insurer is approved by the Financial Services Compensation Scheme…
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Key Facts – High Net Worth Personal Insurance
KEY FACTS – High Net Worth Household Insurance 1. 50% of homes are underinsured Avoid this through our appraisal service/full cost damage & rebuild 2. Automatic agreed value approach From day one all possessions are covered on an agreed value without quibble—this includes motor vehicles and not the market value at time of loss. 3. All…
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