JeannieJouet
New member
We have insured our cruiser through Edward William for the last few years.
Yesterday we received the following email:
Thank you for your trust and valued business in allowing Edward William SL to obtain coverage for your vessel.
It is with regret that we must inform you that the Insurer your business was placed with has ceased trading. This means that your policy coverage with them is no longer valid.
Fortunately, we have been able to find an alternative carrier who will continue your coverage on Policy EW xxxx until renewal at a discounted additional premium of just £ 253.75
Regarding the premium you have paid for your Northernreef policy, it is too soon to provide you with any accurate commentary. It will be a few months before matters become clear with regards existing claims and unearned premium.
Are they able to do this? Is anyone familiar with this other company? Looking online and some posts seem to suggest Edward William owned Nothernreef but quite how much truth lies in this I do not know.
Any advice would be appreciated.
Thank you
Yesterday we received the following email:
Thank you for your trust and valued business in allowing Edward William SL to obtain coverage for your vessel.
It is with regret that we must inform you that the Insurer your business was placed with has ceased trading. This means that your policy coverage with them is no longer valid.
Fortunately, we have been able to find an alternative carrier who will continue your coverage on Policy EW xxxx until renewal at a discounted additional premium of just £ 253.75
Regarding the premium you have paid for your Northernreef policy, it is too soon to provide you with any accurate commentary. It will be a few months before matters become clear with regards existing claims and unearned premium.
Are they able to do this? Is anyone familiar with this other company? Looking online and some posts seem to suggest Edward William owned Nothernreef but quite how much truth lies in this I do not know.
Any advice would be appreciated.
Thank you