Concerned : Only a fifth of locked-down drivers get premium refund from insurer ONLY one in five drivers received any premium refund from their car insurer as a result of the coronavirus restrictions despite half of motorists drastically reducing their mileage, a new study has found. A survey of more than 2,300 people about the impact that COVID-19 had on their cover found that motorists were most likely to feel their policy had lost value. Almost half (49%) of car insurance customers in the survey conducted in Novem ber saw a major decrease in their annual mileage, but only a fraction told their insurer or saw any premium refund as a result.
Only one in five drivers received any premium refund from their car insurer as a result of the coronavirus restrictions, new research has revealed.
This is despite half of motorists drastically reducing their mileage because of lockdowns and a rise in people working from home, according to data from Which?.
It found that 49 per cent of car insurance customers saw a major decrease in their annual mileage, but only a fraction told their insurer or saw any premium refund as a result.
The survey also revealed that just 21 per cent of car insurance customers have seen some of their premium repaid.
Only a fifth of drivers have received an insurance premium refund – Which? thecourier.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecourier.co.uk Daily Mail and Mail on Sunday newspapers.
Supreme Court judges ruled in favour of small business policy holders (Photo by Peter Summers/Getty Images)
As a communications professional, you rarely want your client and the words “the Supreme Court” to appear in the same sentence.
However, last week, the justices issued a 112-page judgement on the Financial Conduct Authority’s appeal asking for “clarification” on whether insurance companies were required to pay business interruption claims for companies which had been forced to cease trading as a result of Covid. Reader, they were. The claims for BI insurance were valid, and the sector must pay up.
Richard Leedham, partner at Mishcon de Reya and representative of the Hiscox Action Group, who joined the FCA appeal, said “The judgement should be a massive boost to all businesses reeling from a third lockdown who can now demand their claims are paid”. The point of law was that BI covered localised restrictions on business and non-property damage claims, without, a