xl insurance london

xl insurance london
Following on from the tube train and bus bomb attacks in London there was a move from several UK insurance companies to reassure victims that claims would be processed" quickly and sympathetically ". This need for Reassurance came in light of concerns that many victims of The Blasters would not be covered by their existing health and life insurance cover. This would mean that families of the bombing victims could not only lose a relative, but also suffer financial hardship as life insurance companies refuse to pay out on policies.

Standard Life, Axa-PPP and Norwich Union announced that all would be insured for the events on 7 July. Standard Life that the company is not looking to "cause more distress" to victims and their families.

Reuters was told that other firms such as Churchill, Endsleigh and Direct Line are likely to be sympathetic in dealing with people who were injured or whose holidays have been disrupted, but behind these insurers have complete coverage of the announcement.

Churchill said it would, "" the lifting and accident cover if customers are physically injured on the way to their holiday departure ... additionally, when one of our customers are on holiday and hear of injury or death of a close relative, we facilitate their return to their homeland ... missed departures to travel delay in central London will also be treated favorably. "This is despite Churchill including acts of terrorism" exceptions in their policies. This means that the policy is usually not when pay losses because of an ongoing terrorist activities. This is one of several general exclusion clauses which are often regularly too many policies and which prevent payout for particular potentially costly situations for the insurers.

Terrorism is still a regular exclusion in the policy despite the introduction in 1993 of the Terrorism Insurance Program, the reinsurance cover for the majority of UK insurers, is expected to cover a large portion of insurance claims arising from the 7th July attacks. Under the program, the insurance industry as a whole is liable for 75 million pounds per terrorist "event", with losses above that covered by a mutual reinsurance pool. If the cost of the resources available through the pool, then the British Ministry of Finance will move to cover the remaining costs.

Another group, recently under foul of this exclusion is the emergency services workers. Unison representatives have warned that this exclusion clause could leave emergency workers and their families high and dry if they are injured or killed. This would be particularly disastrous for families with personal insurance, and the accidents that mortgage protection, as the potential loss of income due to injury in conjunction with the lack of mortgage arising from the exclusion, could mean the employees affected families in May Difficulties maintaining their future mortgage payments.

Some fire crews in Somerset have already threatened to strike due to claims that they may not be insured if they are violated, while dealing with a terrorist attack. This action has since been called off, but many emergency workers are still justifiably worried, not only for their own safety, but also their families should anything happen to them whilst responding to a terrible emergency such as has already been seen in London.

Unison (http://www.unison.org.uk/) pointed out that their own insurance is offered to members, the full cover and called for other insurers to do the same.

Sam Oestreicher of Unison said: "We urge all insurers to their policy and, if such exclusion clauses to drop".

The Association of British Insurers has also tried to emergency and other customers saying, "most types of insurance available without terrorism exclusions ... The most important personal insurance, such as food, household and car insurance offers comprehensive coverage for the consequences of a terrorist incident as a standard feature of politics. "

Today is the multitude of online comparison sites like Moneynet (http://www.moneynet.co.uk) or Money Facts, all insurance available and offer guidelines for helping consumers to make decisions, but the need for the people to check with providers to ensure that they are not left unprotected has never been so obvious.

The insurance industry itself has admitted that some policies do have exclusion clauses and are also advising policyholders to study the small print or contact their insurance company or broker to determine their cover levels.