Car insurance firm has gone into liquidation

[Cupra Belfast]

The poxy company that I've my car insurance with went into receivership. I'm covered until December 16th & the liquidators are trying to 'seamlessly transfer the policy from one company to another', but cannot guarantee any of the premium will remain if they can't manage the switch. To me I understand that to mean my money and cover ceases to exist on December 16th. I'm considering charge-backing and going for a new policy straight away. I do wonder about my no claims certificate and if I do this will it count as having a policy cancelled by an insurer? Would the certificate I submitted in August stand if they get arsey about issuing one? It's over the 120 day limit for a conventional chargeback (just), so I'm hoping for the 540 days for future use goods/services route, on the grounds that they've promised a service into the future that they will not be providing it, and cannot guarantee anyone else will be. I switched policy in August, because I'd simply tranferred my existing one back in April when I got the car and then realised it was a rip off when looking at finances. I paid in full from savings, thinking that over the year avoiding the interest was the wise thing to do. Clearly not. The company apparrently wasn't meant to be providing cover in August, as per the below link, so the policy seems to have been miss-sold by the advisor to boot.

Nightmare really

http://www.insurancebusinessmag.com/uk/news/breaking-news/gable-enters-liquidation-40852.aspx

Edit: Any suggestions as to how best to approach the matter? Thanks in advance.

 

[martin j.]

Speak to your bank, card issuer, etc, re charge back,no claims bonus is valid for 3 years so you can get a new proof by calling your previous insurer.

 

[Cupra Belfast]

Thanks man

Speak to your bank, card issuer, etc, re charge back,no claims bonus is valid for 3 years so you can get a new proof by calling your previous insurer.

Thanks for that man. It was the ncb certificate I was most worried about, in the understanding the bank should be able to claw the funds back. I still have the last one saved digitally it's that's reassuring to know it can be used.

 

[marty_34]

is it enterprise insurance? if so i had my gap cover with them and its being transferred to another insurer within 2 weeks i had confirmation the other day.

id called the broker as i got a letter from the liquidators which contradicted itself from top to bottom

 

[Cupra Belfast]

Nope

is it enterprise insurance? if so i had my gap cover with them and its being transferred to another insurer within 2 weeks i had confirmation the other day.

id called the broker as i got a letter from the liquidators which contradicted itself from top to bottom

It wasn't enterprise, although the call centre fellow I spoke with mentioned they'd gone bust recently too and alternative cover had ben arranged for them. Unfortunately there's nothing in place for these folk, to date. It's Eridge, trading as surething.co.uk. They are Zurich based and their fiscal health was seriously poor, so the liquidators have been brought in. Not too sure how attractive their liabilities are to other firms, don't know enough about it really. Generally prepare for the worst and be pleased if they don't go as bad.

 

[Northy 8]

I received a letter on sat
Not a great deal of info
Not sure which broker it is as have 3 different policies
Which broker were u insured by
Thanks

 

[Cupra Belfast]

surething.co.uk

I received a letter on sat
Not a great deal of info
Not sure which broker it is as have 3 different policies
Which broker were u insured by
Thanks

surething.co.uk, they're paperless unless you request posted documents, so not likely to be them. There seems to be a series folding, which doesn't bode well.

 

[Northy 8]

RAng my 3 insurance companies up
All good
I was with Zurich till last sept so might be them
Cheers