LV to grant payment holidays on life insurance and income protection

LV offers protection insurance payment holidays to those affected by coronavirus – and says they WON’T have to pay anything back LV will allow vulnerable policyholders 3-month payment breaks on protection Life cover, income protection and critical illness all covered under the scheme Policyholders will remain fully covered during the payment holiday period Customers won’t … Read more

Insurance giant Hiscox set to be hit with £142m virus bill

Insurance giant Hiscox set to be hit with £142m virus bill as it faces legal action from firms claiming they were unfairly treated By Daily Mail City & Finance Reporter Published: 21:51 BST, 22 April 2020 | Updated: 21:51 BST, 22 April 2020 Insurance giant Hiscox could be hit with a £142million bill from pandemic … Read more

Admiral car insurance customers receive £25 automatic refund

Admiral is giving all of its car and van insurance customers an automatic refund of £25 each, a total return of £110million. Britain’s biggest car insurer says it is refunding its customers in recognition of the fact that there have been fewer cars on the road during the lockdown and it expects this to result … Read more

Most insurance won’t pay out for coronavirus – can you still protect yourself if things go wrong?

I’m self-employed and the coronavirus has made me concerned about the risk of falling ill, not being able to work and struggling to pay my bills. I don’t have any financial support from an employer and unfortunately don’t qualify for any of the government help via the new self-employment income support scheme. Should I be … Read more

Crooks want YOUR cash: What to watch out for to stop insurance, pension and investing scammers

Financial hardship is spreading rapidly and crooks are actively looking to take advantage of people’s struggles to get hold of their cash.  While times are tough, it remains crucial to take stock and prevent criminals from selling you dodgy pension products, insurance deals or investments. With scammers scouring their sucker list and the dark web … Read more

Nearly half of major insurers have pulled travel insurance products from sale due to coronavirus

Nearly HALF of major insurers have pulled travel insurance products from sale because of the coronavirus crisis, says Which? The consumer champion contacted 75 insurance providers during a study 31 of the 75 insurers contacted have temporarily stopped sale of their policies  A further 13, including Axa and Staysure, have changed aspects of their policies  … Read more

Aviva offers 90-day lifeline for car and home insurance customers

Aviva offers 90-day lifeline for car and home insurance customers struggling in the virus crisis By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 14 April 2020 | Updated: 23:11 BST, 14 April 2020 Aviva will let car and home insurance customers defer premiums for up to three months Aviva will let car … Read more