The FSCS is stepping in to help customers of Bracknell broker Your Health Plus Insurance Services who may have lost money after the firm went into administration.
It has now declared this firm in default.
The FSCS said it may be able to pay compensation to those policyholders who paid premiums to the firm for the Safety Net insurance policy if Your Health Plus had not set up this policy. More than 100 policyholders are expected to be affected nationwide.
“We would advise anyone who has bought Safety Net insurance through this firm to check that they have insurance cover in place. If their insurance was bought on or after 14 January 2005, and they think they may have lost money, they should contact us. We may be able to help,” says Jonathan Clark, Director of Claims for FSCS. “We aim to deal with claims within six months of a firm being declared in default and we process most deposit claims within four weeks of receipt.”
