Insurance Limits


Long-term insurance (e.g. pensions and life assurance)

The maximum level of compensation for claims against firms declared in default on or after 1 January 2010 is 90% of the claim with no upper limit.

The maximum level of compensation for claims against firms declared in default before 1 January 2010 is 100% of the first £2,000 plus 90% of the remainder. 


Compulsory insurance (e.g. third party motor)

Claims for compulsory insurance are protected in full. 


Non-compulsory insurance (e.g. home and general)

The maximum level of compensation for claims against firms declared in default on or after 1 January 2010 is 90% of the claim with no upper limit.

The maximum level of compensation for claims again firms declared in default before 1 January 2010 is 100% of the first £2,000 plus 90% of the remainder. 


General insurance advice and arranging

The maximum level of compensation for claims against firms declared in default on or after 1 January 2010 is 90% of the claim with no upper limit.

The maximum level of compensation for claims for business conducted on or after 14 January 2005 and against a firm declared in default before 1 January 2010 is 100% of the first £2,000 plus 90% of the remainder.  Advice and arranging of compulsory insurance from the same period is protected in full.


Please contact us for more details.