12-09-2016, 12:52 PM | #1 |
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Good GAP News
Looks like those of us unlucky enough to have a Click2Connect Enterprise Insurance Company have been saved!
Re : Good news regarding your Gap or Tyre Insurance underwritten by Enterprise Insurance Company PLC – update number 4 As you know from our last three email updates and a letter sent to you by Grant Thornton, Enterprise Insurance Company Limited ceased trading in October of this year. Since then, policies have remained active and claims have been paid under the Financial Services Compensation Scheme. This update confirms that with effect from 14th December 2016 your contract of insurance with Enterprise Insurance Company, will be terminated by the firm’s liquidator. The good news is, Amtrust International are providing a replacement policy for the period you have remaining – at no cost to you. Under this arrangement, the original terms and conditions of your insurance will remain unchanged. The replacement policy has been issued automatically. If you wish to accept it - you do not need to take any action. Your original policy terms and conditions, claims process and contact details remain unchanged. You have a right to cancel your replacement policy by 30th December 2016. For those insurances carrying a pro-rata refund upon cancellation, you will be entitled to a refund as per your original policy terms and conditions. When choosing this option, do bear in mind the purchase of cover elsewhere in the market is not possible - as Gap Insurance can only be purchased within 180 days of taking possession of your vehicle – and Tyre Insurance is only available within 30 days. The insurers agent and claims handling organisation, Motorway Direct Plc will be writing to you to confirm this within the next few days. This is extremely good news for policyholders and is an excellent example of the insurance industry and Financial Services Compensation Scheme working together to protect the financial interests of insurance policy holders. You do not need to do anything to continue your cover. Your original certificate of insurance and policy number remains unchanged – as do you your insurance Terms and Conditions, claims telephone numbers and other contact details. We thank you for Yours sincerely, Tom Barley Director |
12-09-2016, 02:50 PM | #3 | |
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I was quite worried about this but feel very relieved now! |
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12-31-2016, 06:14 PM | #5 | |
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I've had the same details as well. Thankfully my Triumph Street Triple R is still covered. My car is under a different company for GAP, but it makes you wonder how secure the market is. |
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