Insurance

If you starting using your car to commute during the pandemic and plan to continue to do so, you may need to notify your insurer ASAP. A temporary extension of cover organised by the Association of British Insurers (ABI) trade body ends at 11.59pm on Friday (30 April), and if you don't have the correct insurance in place you could be fined and left unable to claim. Some insurers don't need to be notified immediately though and have automatically extended cover further - we've full details below. 

Hundreds of thousands of small businesses could be in line for insurance payouts covering coronavirus-related disruption following a landmark Supreme Court decision handed down today in their favour. 

Price comparison website Compare The Market has been fined £17.9 million by the competition watchdog, after it banned home insurers from offering customers cheaper prices elsewhere.

Car and home insurance customers should pay no more when renewing their policy than they would if they were taking out a new one with the same firm, under radical new proposals from the financial regulator.

The High Court has ruled that some insurers should have paid out to small businesses for losses caused by the coronavirus lockdown, in a judgment which could have far-reaching implications.

Insurance customers struggling financially due to the pandemic will have until the end of October to ask for help such as a payment holiday or review of their premium under new proposals from the regulator. But it's NOT proposing that those already on a payment holiday should be able to extend it beyond three months.

Customers of not-for-profit medical insurer WPA will be paid a second rebate worth about 40% of their monthly premiums, after receiving a similar payment back in April.

The financial regulator has confirmed it will introduce measures to help insurance customers struggling during the coronavirus pandemic – meaning insurers will need to assess whether they can change what's covered to offer customers lower premiums. Insurers may also be expected to offer customers payment holidays of up to three months.

Insurer LV is giving its customers with car and motorbike policies the chance to claim a refund of between £20 and £50. But unlike Admiral's recent flat-rate refund to customers, you'll only be eligible for money back from LV if you've been financially affected by coronavirus in specific ways.

The financial regulator is proposing measures to help customers struggling to pay insurance premiums due to coronavirus. It's proposing payment holidays of up to three months, plus has told insurers to look at whether cover still provides "value" to the customer where the pandemic means the policy is no longer suitable or where they can't use certain benefits of their cover.