howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
from the telegraph.
Grahame Trudgill, the head of corporate affairs for the British Insurance Brokers' Association (Biba), said insurance companies had the right to reclaim the money under the Riot Damages Act of 1886.
He said members would "respond" to claims from householders and small businesses, and would then attempt to reclaim the money from the police. Biba's brokers handle around half of the value of all home contents, motor, travel, commercial and industrial insurance policies in the UK.
The Association of British Insurers (ABI), the trade body for insurance companies, said damages from the three nights of civil unrest would cost "well over £100m". Most insurers have said they will honour claims for damage caused by the rioting.
Nick Starling, the director of general insurance and health at the ABI, said home insurance policies "should cover people for fire, looting or damage caused". He added: "Many policies will also cover people for accommodation costs if they can't stay in their home."
Most commercial insurance policies will cover businesses for damage to their premises, including the interruption to their business as a result, while some policies will also cover businesses that are not damaged but whose trade is affected by the aftermath.
Those affected by the rioting should contact their insurers as soon as possible. Mr Trudgill said there was a 14-day window to make a claim to the police under the Riot Damages Act, and therefore many insurers would want any claims for riot or civil commotion damages to be made within seven days. This is likely to be a requirement in most insurance policies.
He said there were "technicalities" related to insurance policies that meant that people should check with their individual insurer to find out what was covered. Most people will be covered for damage to their properties, but if they are on holiday and have to come home because a property has been burned out, their travel policy is unlikely to cover them unless the police have requested that they return home.
Those who have third party, fire and theft insurance on their cars will be covered if their car is burned out, but not if someone puts a brick through the window.
Insurers Direct Line and the AA confirmed this morning that they would cover home insurance claims for the riots. ''Direct Line home insurance customers with either standard or home plus policies are covered for riots and civil commotion and should call us in the first instance, so that we can help them process their claim in the most efficient way," said a Direct Line spokesman.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
So good news there but not all risks though, as Ross said, will be covered, but at least most people should not be totally without cover.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
The problem will be renewal policies barry, premiums will increase massively and put firms out of business
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
not all good news barry, something of a double edged sword.
the insurers will be aiming to make the police pay the bill meaning less money in an already depleted pot.
this could lead to further cuts in officers meaning the consumer picks up the tab in increased insurance premiums.
i think we can assume that the top brass will remain.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Everything at the end of the day has to be paid for. Maybe we should round up all the perpetrators and make them pay out of their benefits or whatever income they have. It may take them the rest of their lives but that's what they deserve.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
of course howard you are correct, and i suppose its all the polices fault people rioted?
just means our council tax from the police part will again increase
and like howARD says will result in an even more downward trend
ALL POSTS ARE MY OWN PERSONAL VIEWS
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i suppose that in an ideal world those responsible should be on work parties to repair the damage then serve a prison term.
in the real world we know that there will be big talk from the top and no real punishment for the offenders.
did anyone see that furniture shop in croydon that had been in the same family for 5 generations?
the luftwaffe couldn't see it off but our home grown vandals can.
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
Here is the store ablaze Howard as seen on Sky News. I couldnt believe what I was seeing. Shocking..truly. Its been there I believe since 1865 and indeed the Luftwafe didnt see it off, but a few yobs managed it.
Guest 645- Registered: 12 Mar 2008
- Posts: 4,463
Reeves at Reeves Corner. A very emotional 80yr old Mr Reeves was interviewed on breakfast news this morning. Heartbreaking....is the only way to describe it.
Marek
I think therefore I am (not a Tory supporter)
Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,895
The son was near to tears as he watched the remains of the store being demolished on Breakfast this morning. Such a needless waste I doubt it was the looters so they could steal just mindless arson.
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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Guest 675- Registered: 30 Jun 2008
- Posts: 1,610
A more important question could be which will last longer, the money to pay for extra policing or the yobs will to riot?
Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong.
Richard Armour
