Is my insurance policy protected?

You make sure you’ve got insurance for the things that are really important to you, like your home, car or pet. But if something went wrong and your insurer went bust, would you be confident your insurance policy was protected?

Before you take out any kind of insurance policy, it’s essential to know if FSCS would protect your money if your insurer failed. We can only protect you if the Prudential Regulation Authority has authorised your insurance provider.

How can I check if my insurance provider is FSCS protected?

Search the Financial Conduct Authority (FCA) register using your insurance provider’s firm reference number (FRN) for the most accurate results. Find the FRN in your paperwork or emails, or ask your provider if you can’t find it. If the FCA search results show the firm’s status as ‘authorised’, FSCS may be able to compensate you if this firm fails.

Insurance

Insurance brokers

We may be able to compensate you if your insurance broker (e.g. if a broker mis-sold you insurance) fails.

  • 90% of the total claim.

 

  • 100% of the first £2,000 per eligible person, per firm, then 90% of the remainder.

 

Insurance

Insurance firms

 

If your insurer fails, how much compensation you could claim depends on the kind of insurance you have. We split insurance into two main categories: general insurance and long-term insurance.

General insurance

Examples of general insurance include:

  • Accident/sickness/unemployment.                            
  • Buildings/contents.
  • Car and motor vehicle.
  • Third-party liability, including employers’ and professional liability.
  • Travel.
  • Pet.

If your UK-authorised insurer fails we may be able to compensate you:

  • 100% for compulsory insurance claims (e.g. third-party motor and employers' liability).
  • 90% for non-compulsory insurance claims  (e.g. pet) with no upper limit.

Note that no protection is available for goods in transit, marine, aviation and credit insurance. Contracts of reinsurance are also not protected.

The claim process can vary depending on the failed insurance firm and claim type. For further details on how to claim, you’ll need to contact your broker or refer to the failed insurance firm’s website.

  • 100% protected for compulsory insurance claims (e.g. third-party motor and employers' liability).
  • 90% protected for non-compulsory insurance claims (e.g. pet).

Note that no protection is available for goods in transit, marine, aviation and credit insurance. Contracts of reinsurance are also not protected.

The claim process can vary depending on the failed insurance firm and claim type. For further details on how to claim, you’ll need to contact your broker or refer to the failed insurance firm’s website.

  • 100% protected for compulsory insurance claims (e.g. third-party and employers' liability).
  • 100% of the first £2,000 plus 90% of the remainder with no upper limit for non-compulsory insurance claims (e.g. pet).

Note that no protection is available for goods in transit, marine, aviation and credit insurance. Contracts of reinsurance are also not protected.

The claim process can vary depending on the failed insurance firm and claim type. For further details on how to claim, you’ll need to contact your broker or refer to the failed insurance firm’s website.

  • 100% protected for compulsory insurance claims (e.g. third-party motor and employers' liability).
  • 90% protected for non-compulsory insurance claims (e.g. pet).

Note that no protection is available for goods in transit, marine, aviation and credit insurance. Contracts of reinsurance are also not protected.

The claim process can vary depending on the failed insurance firm and claim type. For further details on how to claim, you’ll need to contact your broker or refer to the failed insurance firm’s website.

Long-term insurance

Examples of long-term insurance include:

  • Life insurance.
  • Permanent health/incapacity insurance.
  • 100% protected with no upper limit.

The claim process can vary depending on the failed insurance firm and claim type. For further details on how to claim, you’ll need to contact your broker or refer to the failed insurance firm’s website.

  • 90% of the claim with no upper limit.

The claim process can vary depending on the failed insurance firm and claim type. For further details on how to claim, you’ll need to contact your broker or refer to the failed insurance firm’s website.

  • 100% of the first £2,000 plus 90% of the remainder.

The claim process can vary depending on the failed insurance firm and claim type. For further details on how to claim, you’ll need to contact your broker or refer to the failed insurance firm’s website.

BACK TO TOP