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

 

If you bought your insurance policy through an insurance broker that’s failed, the kind of insurance you have will affect how much compensation you could claim. See some examples of situations where you may be able to claim compensation if an insurance broker helped you buy your policy.

100% protected:

Compulsory general insurance

90% protected:

All other general insurance

Insurance

Insurance firms

If you bought your insurance policy from an insurance firm that’s failed, the kind of insurance you have and when the firm failed will affect how much compensation you could claim.

100% protected: 

Compulsory insurance

Long-term insurance

Professional indemnity insurance

Claims arising from the death or incapacity of the policyholder due to injury, sickness or infirmity

90% protected: 

All other kinds of insurance

100% protected: 

Compulsory insurance

100% protected for the first £2k then 90% of the remainder:

All other kinds of insurance

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