My underwriters gone!! Help I need another

[Zac70]

Prob a victim of Brexit or something but Gefion have had their UK licence revoked so are not issuing any new policies. My broker recommends a policy that comes in £130 more.
Has anyone got any recommendations for my ldv Maxus camper?

 

[Jim]

Just for the sheer number of underwriters they work with I would give AIB a call . You'll get a 15% Funster discount from them too

 

[nicholsong]

Just for the sheer number of underwriters they work with I would give AIB a call . You'll get a 15% Funster discount from them too

I have always been interested, but never found out, how many Undeeerwriters there are in the MH Insurance Market.

There are some outside the UK who are working on passport authority inside UK, but may well not want to go through the process of applying for and getting FCA authority to trade in UK after this year. So the numbers may shrink.

Geoff

 

[Gellyneck]

LIQUIDATION

On 24 June 2020, the DFSA decided to withdraw Gefion Insurance’s license to conduct insurance business due to the Company not being able to meet its Solvency Capital Requirement. Resultingly, Gefion Insurance no longer writes new business or renews existing insurance policies.

Gefion Insurance remains solvent and will formally enter into a solvent liquidation pursuant to the requirements of the Danish Financial Business Act. Søren Aamann Jensen from the law firm Kromann Reumert and Troels Askerud from Gefion Insurance A/S have been appointed joint liquidators.

 

[Minxy]

Unfortunately it's gonna be a case of doing on-line comparisons/quotes or ringing for them instead, pain in the bum but no other way.

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[nicholsong]

Unfortunately it's gonna be a case of doing on-line comparisons/quotes or ringing for them instead, pain in the bum but no other way.

Very few underwriters will do business directly with the public, at least on MH policies.

On-line quotes in my experience do not disclose the actual Underwriters unless one clicks onto a link to read the policy document.

Even brokers' employees often either do not know the Underwriters on whose policies they are quoting or are reluctant to disclose them, but have to if pushed.

It is surprising how often MH forum members write that they 'are insured with' quoting the name of a broker. It might be loose use of language when they mean 'through', but I think in many cases the writer thinks the named company is the insurer who will pay out.

I always want to know who is the Underwriter, i.e. whose money is backing the policy. I am not keen on dealing with some overseas Underwriters, because if they are passorported into the UK market the FCA do not take much interest and then one is relying on the quality of the home country regulator as to their fitness to underwrite. After 1st Jan this will change unless passporting is extended under a Deal with the EU.
Don't ask me where people stand if their policy spans 2020 and 2021.

Of course a quick trawl of the FCA website with the company name will establish whether they are licensed as a broker or underwriter.

This info may even help the OP in quest for a new underwriter.

Geoff

 

[Late Starting]

Have you tried COMFORT who work with Aviva they have a website office is at Dagenham
cliff

 

[coroner]

Try Caravan and motor home club might be worth joining fee if cheap enough just renewed my policy £160.00 incl 3rd party cover to drive any other vehicle £200.00 excess.

 

[CutThroatJake]

Just for the sheer number of underwriters they work with I would give AIB a call . You'll get a 15% Funster discount from them too

Out of interest Jim is there a code or something similar we need to give to AIB to get the discount or is it just a case of saying “I’m a Funster”?

 

[jollyrodger]

I have used Aib in the past when they promoted The markerstudy group

https://www.markerstudygroup.com/products

Unlimited widscreen cover (they "own"auto windscreens) low excees and suited to my needs

Then they teamed up with LV(2014 I believe) and promote them now
Same vehicle nothing changed
Windscreen cover then only up to £600 150% rise in excess
and other unfavourable t&c's

Went back with liesure slightly higher +£30 through them with AxxA
No quibble after an rtc pay out

I think Wombles did an in depth post a while back
Here you go also other from the same member

Look Closely At Motorhome Insurance Policy Small Print - Some Surprising Facts

Shopping around for motorhome insurance gave Mr Wombles a lot more work than expected recently as so many policy variations on small details that could make all the difference or even invalidate insurance in the event of a claim. We drew up a hit list which was a mixture of Which? Best Buy car...

www.motorhomefun.co.uk

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