Some key steps for Setanta customers
The collapse of Setanta Insurance has left around 75,000 motorists without cover. So what should you do if you're one of these 75,000 people?
1. Arrange alternative cover as soon as possible.
2. Those who have paid up front for their motor insurance will most likely have to apply to the liquidator of Setanta for a refund of their premium. However, there is no guarantee that refunds will be paid.
3. Setanta is currently continuing to manage claims so it is the contact for any claims queries. All payments of claims are currently suspended, however. You will have to wait until the liquidator has determined all the liabilities of the company before you will find out if your claim will be paid – and this exercise is likely to take considerable time.
4. Once the liquidator is formally appointed, you will need to deal with the liquidator about claims. At that stage, it would also be useful to contact the broker who sold you the insurance as he will be able to advise you whether your claim might be covered.
Sunday Indo Business