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SpeedyCBR1100 |
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SpeedyCBR1100 Borekit Bruiser
Joined: 12 Dec 2018 Karma :
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Posted: 20:07 - 22 Nov 2021 Post subject: MCE having problems |
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arry |
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arry Super Spammer
Joined: 03 Jan 2009 Karma :
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Ste |
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Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
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SpeedyCBR1100 |
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SpeedyCBR1100 Borekit Bruiser
Joined: 12 Dec 2018 Karma :
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Tierbirdy |
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Tierbirdy Spanner Monkey
Joined: 25 Jun 2014 Karma :
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Posted: 12:11 - 23 Nov 2021 Post subject: |
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On one hand, now Im no longer living in London I cant wait to be with literally any other insurer and hope they go bust as theyre not worth the paper theyre written on.
On the other, I hope they wait a few more months so I get my full years NCB and policy finishes before they go bust |
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Fat Angry Scotsman |
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Fat Angry Scotsman World Chat Champion
Joined: 12 Jan 2021 Karma :
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MarJay |
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MarJay But it's British!
Joined: 15 Sep 2003 Karma :
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Posted: 15:49 - 01 Dec 2021 Post subject: |
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Fat Angry Scotsman wrote: | I've been on vacation in bumble-fuck-nowhere in Canada and only got back to the UK yesterday. I saw MCE insurance tried to call me and I have no idea what it's about. I called them back today but after being on hold for 45 minutes I ran out of time and fucks to give.
Both my bikes are insured with MCE, are they now uninsured? I fucking paid both policies up-front and in-full too. Fuck. |
no, but it's possible that you might lose 10% of any payout.
From the MAG facebook page:
Quote: | MCE Insurance company went into administration on 19th November. The insurer formed part of the same parent group as the broker MCE Insurance Ltd (which isn’t part of the administration) and the collapse affects around 105,000 policy holders, the majority of which are understood to be motorcycle customers. As a result, the Financial Services Compensation Scheme (FSCS) are picking up MCE Insurance company claims but worth noting is that for accidental damage or theft vehicle claims, current policy holders are only covered for 90% through FSCS. MCE would need to fund the additional 10% of any claim but we’ve seen nothing from them to suggest that they will do this. Only claims that a third party need to make against the policy holder are covered 100%.
https://www.fca.org.uk/.../mce-insurance-company-limited...
https://www.moneysavingexpert.com/.../over-100-000-hit.../
Clients will have to claim through the Financial Services Compensation Scheme
https://www.fscs.org.uk/what-we-cover/insurance/
MCE will continue to operate as a motorcycle broker but as one of the larger UK motorcycle insurers, this will affect a lot of riders, many of which will be MAG members. We wanted to let you know as this has not been reported widely. |
____________________ British beauty: Triumph Street Triple R; Loony stroker: KR1S; Track fun: GSXR750 L1; Commuter Missile: GSX-S1000F
Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another. |
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Ste |
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Ste Not Work Safe
Joined: 01 Sep 2002 Karma :
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trevor saxe-coburg-gotha |
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trevor saxe-coburg-gotha World Chat Champion
Joined: 22 Nov 2012 Karma :
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Old Thread Alert!
The last post was made 2 years, 147 days ago. Instead of replying here, would creating a new thread be more useful? |
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