Am I insured or not?

Irish Rover said:
As per my OP, my current policy is valid until the middle of next week so that's not at issue. So the issue is the new policy which hasn't yet come into force yet.
I accept the insurers made a mistake but, on the other hand, it's entirely within their competence to rectify it having one of the sister companies issue the policy.
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So you are covered ?.....why didn’t you say in your OP ?
 
Irish Rover said:
As per my OP, my current policy is valid until the middle of next week so that's not at issue. So the issue is the new policy which hasn't yet come into force yet.
I accept the insurers made a mistake but, on the other hand, it's entirely within their competence to rectify it having one of the sister companies issue the policy.
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My mistake as I see from rereading your opening words. However I think it's even clearer that the company can refund you and rescind the offer made in error which they in truth cannot support. However if through an associate company they can offer cover then there becomes no problem.
The concussion arrises unless I have misread again, is in your insistence that they honour the existing contract.
 
Fr J Hackett said:
My mistake as I see from rereading your opening words. However I think it's even clearer that the company can refund you and rescind the offer made in error which they in truth cannot support. However if through an associate company they can offer cover then there becomes no problem.
The concussion arrises unless I have misread again, is in your insistence that they honour the existing contract.
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Lets hope it doesn't come to blows.
 
Fr J Hackett said:
My mistake as I see from rereading your opening words. However I think it's even clearer that the company can refund you and rescind the offer made in error which they in truth cannot support. However if through an associate company they can offer cover then there becomes no problem.
The concussion arrises unless I have misread again, is in your insistence that they honour the existing contract.
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See the last couple of sentences of my #16.
I'm not entirely convinced the sisters are as close as they'd like me to believe but, I guess, we'll see.
 
One interesting aspect of all this is how they discovered their "mistake". It seems fairly clear it only came to light because I sent an email asking for the Greek cover policy document. The email I received attaching the policy etc was from a no-reply@ email address. The only proper email address I had was from last year so I emailed to that address and it apparently goes to a person who's a senior underwriter and I suspect it was her who picked it up. So if I hadn't emailed for the Greek document this might never have come to light.
 
This is becoming like many threads namely a proverbial onion skin. On basis this is a renewal and currently cover is in place as your broker cannot offer renewal terms if you have paid the premium they should return it. If you haven’t paid you now know underwriters cannot offer renewal terms unless your broker can find alternative capacity. Given the apparent mistake by your brokers but I think getting cover via another broker is prudent -remember if you ever had a claim you will need your brokers potentially to help with claim and obviously your relationship has broken down even if they can source another underwriter with correct regulatory permission. It’s not clear sorry if your premium is held by your brokers now or indeed the broker involved or whether they are UK based?
 
Irish Rover said:
Well, I suppose it is, yes. So are you saying that's enough to enable them to legally walk away from our contract?
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Your insurance renewal has been refused. I don't think you have a contract. That's going forward of course, you still have the remainder of your previous insurance period.
 
penberth3 said:
Your insurance renewal has been refused. I don't think you have a contract. That's going forward of course, you still have the remainder of your previous insurance period.
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It wasn't refused. They offered renewal, I accepted, paid and they issued the policy. Done deal. They can't just walk away because it no longer suits them commercially. They could, if they're entitled to do so, cancel the contract.
 
Irish Rover said:
It wasn't refused. They offered renewal, I accepted, paid and they issued the policy. Done deal. They can't just walk away because it no longer suits them commercially. They could, if they're entitled to do so, cancel the contract.
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What is it, exactly, that you want to do ?......or is this like Wansworth buying a boat ?
 
Irish Rover said:
It wasn't refused. They offered renewal, I accepted, paid and they issued the policy. Done deal. They can't just walk away because it no longer suits them commercially. They could, if they're entitled to do so, cancel the contract.
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You're going round in circles. Their offer of renewal was a mistake, yes? And they told you it was a mistake at the earliest opportunity. You can't "force" them to insure you.
 
Indeed -in absence of an underwriter with a licence to write then the broker can do nothing really save for returning the premium . I assume cover is available from other brokers so you are not uninsurable location but you just need to find a broker which has an insurer on its panel with the requisit licence to cover in your location. There will be many brokers out there which can quote surely. Is you gripe the price for other quotes though so you really feel your loss is difference?
 
penberth3 said:
You're going round in circles
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My direction has been straight and true from the beginning.
penberth3 said:
You can't "force" them to insure you.
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But they have insured me. Policy paid and issued. The question is can they walk away from it? Why haven't they issued a formal notice of cancellation, if they're entitled to do so?
 
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ashtead said:
Indeed -in absence of an underwriter with a licence to write then the broker can do nothing really save for returning the premium
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What do you mean by licence? They haven't mentioned a licensing issue. They talk about their new underwriter having "different underwriting criteria". They also say two of their sister companies cover (UK registered) boats based in Türkiye. So it seems to me their difficulty is a commercial rather than a regulatory one, and I've invited then to adopt a commercial approach.
 
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Irish Rover said:
What do you mean by licence? They haven't mentioned a licensing issue. They talk about their new underwriter having "different underwriting criteria". They also say two of their sister companies cover (UK registered) boats based in Türkiye. So it seems to me their difficulty is a commercial rather than a regulatory one, and I've invited then to adopt a commercial approach.
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It’s seems to me to be a straightforward case of misjudging the room. The actions of your (former) insurer put you into an obstinate mood…and searching for allies you thought that all those curmudgeons on the forum would be there to back you up and egg you on.
Turns out you caught us all in a conciliatory mood
 
Irish Rover said:
Well, I suppose it is, yes. So are you saying that's enough to enable them to legally walk away from our contract?
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If they don't have a legal right to issue insurance in Turkey, then presumably any contract issued is null and void immediately,
 
Bouba said:
It’s seems to me to be a straightforward case of misjudging the room. The actions of your (former) insurer put you into an obstinate mood…and searching for allies you thought that all those curmudgeons on the forum would be there to back you up and egg you on.
Turns out you caught us all in a conciliatory mood
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