OK so I posted this in the 'General Automotive Chat' part of the forum, but as a lot of people in this forum only read this forum and the fact that the S3 is the most stolen car of 2016 this will be relevant to a lot of people in here, so please don't see it as a double post and remove it!
Expect a letter about your GAP cover.
I received one today from Motorway Direct (The Policy Administrator) and was a bit worried TBH, I called them and all is well
Obviously it will not affect everyone, but those that have GAP (or any other insurance) underwritten by Enterprise Insurance Company Plc should be getting a letter telling you that they went into liquidation late October.
I instantly worried that my car hasn't been covered since then! However, after a quick call they put my mind at rest saying that it was still covered under the Financial Services Compensation Scheme, and that the cover has now been taken over by a new company called AM Trust International Underwriters, who carry an ‘A' rating for financial security. Nothing will change on your policy. The only difference is, a different insurance underwriter will be footing the bill should you ever need to make a claim.
Just thought I'd give you all a head up and put some minds at rest, as when you open the letter logical thinking goes out the window and a bit of panic sets in lol.
Expect a letter about your GAP cover.
I received one today from Motorway Direct (The Policy Administrator) and was a bit worried TBH, I called them and all is well
Obviously it will not affect everyone, but those that have GAP (or any other insurance) underwritten by Enterprise Insurance Company Plc should be getting a letter telling you that they went into liquidation late October.
I instantly worried that my car hasn't been covered since then! However, after a quick call they put my mind at rest saying that it was still covered under the Financial Services Compensation Scheme, and that the cover has now been taken over by a new company called AM Trust International Underwriters, who carry an ‘A' rating for financial security. Nothing will change on your policy. The only difference is, a different insurance underwriter will be footing the bill should you ever need to make a claim.
Just thought I'd give you all a head up and put some minds at rest, as when you open the letter logical thinking goes out the window and a bit of panic sets in lol.
