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Insurers commit to flexible policies for armed forces stationed abroad

Association of British Insurers (ABI) members, representing approximately 86% of the UK motor insurance market have today given new commitments to armed forces personnel.g

To mark Armed Forces Day, these 19 motor insurers have agreed to ensure that those in the armed forces posted abroad will keep their No Claims Bonus for up to three years and insurers will waive fees normally charged if armed forces personnel need to cancel a policy at short notice when they are to be posted overseas.

Following the simple steps below will ensure that armed forces personnel can take advantage of these flexible policies.

Three things you need to do:

  • Check your insurance policy.
  • Contact your insurer or broker directly.
  • Provide your insurer with a letter from your commanding officer.

Two things you should ask your insurer about:

  • No Claims Bonus - Insurers will keep your No Claims Discount for up to three years if you are posted abroad.
  • Cancellation Fees – Insurers will waive fees normally charged if you need to cancel your policy at short notice if you are posted abroad.

You can view the list of insurers signed up to these commitments here (pdf 298kB).

James Dalton, Director of General Insurance Policy at the ABI, said:

"People in the armed forces make a unique pledge to serve their country. UK insurers recognise this and have committed to allowing armed forces flexibility with their motor insurance when they are posted abroad. It is important that armed forces personnel talk to their insurer about their policy, particularly preserving their No Claims Bonus or any fees that might be waived when they are stationed abroad."

Secretary of State for Defence, Michael Fallon said:

"When our Armed Forces are posted overseas to protect our country they can lose out from the discounts the rest of us take for granted. This is a welcome move from the leading insurers to help them get a fair deal. I look forward to further pledges from businesses to support the Armed Forces Covenant."

ENDS

Notes for Editors

A list of ABI members who have agreed to these commitments can be found below and a more detailed information list can be found here (pdf 298kB):

1st Central Insurance
Admiral
Advantage Insurance /
Hastings Direct
Ageas Insurance Ltd
Allianz
Aviva Insurance
AXA
Casualty & General (CIGCE)
Co-operative Insurance Car
Insurance
Covéa Insurance
Direct Line Group
Esure Car Insurance
LV =
Markerstudy
NFU Mutual
Horizon
Premier Underwriting Limited
RSA / MORE TH>N
Zurich

 

Please note that some of these companies have provided details of commitments made under more than one brand or subsidiary.