Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Motor care warranty Company failure creates worries for consumers

By Jack Paul Subscribe to RSS | February 15th 2012 | Views:
loading
 
  



An investigative agency has come to result that some schemes traded by Motor care Elite were not authorized by underwriters. The Llantwit Major-based company was established by Harby Panesar, who emerged on TV when they expensed an accounted 20,000 pound on the pleasure occasion. The agency intimates that the Motor care Elite traded the car crash policies to car dealers who vended them to the clients.

The firm stated they were funded by insurance underwriters, but after the company’s failure it appeared that a number of schemes were not sponsored by the insurance and were valueless. The FSA has notified publicly that if a consumer has taken insurance from Motor care Elite, he or she may be provided with such policies that have termed as of no value. The information what they have got advocates that when Motor care vended some schemes to its consumers, it may get botched to accurately index their particulars and premiums.

Another investigation done by a watchdog has got that the firm appeared to get made up the details of insurance underwriters. Some schemes were supported by a firm named Marine and General Insurance Company Ltd located in the city of London. But the researchers could get no outline of the firm.

Adrian Reynolds, a citizen, was a sufferer of the failure of Motor care, buying a scheme of 700 pound for his Nissan truck purchased at public sale. When he attempted to argue for the compensation valued about 1300 pound, he got that the Alpha insurance has no any data of the premiums what he had paid for. The company said that they had never come across such policies by his name. Are you in need cash for your car then simply apply with quick payday loans @ http://www.quickcashpaydayloansuk.co.uk/ and get fast money without any hassle in quick succession of time.

When the firm failed in the month of March, he was asked that the data displayed his assert had previously been compensated. Mr. Rafferty said the agency that the incident made him so angry to think that the firm has some employees there who take earnest money from the middle class people who do their work round the clock. Alpha insurance informed that they had proof that the company directed claims that, at the same time as noticeable as paid in their improved data, are said to be stupendous by the applicants. Motor care is now in bankruptcy and Mr. Panesar has been affirmed insolvent.

Jack Paul - About Author:
Jack Paul is financial advisor and shares his best views on quick payday loans, instant payday loans and guaranteed payday loans.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/motor-care-warranty-company-failure-creates-worries-for-consumers.htm

Related Insurance Articles Subscribe to RSS

All new drivers should be conversant with laws regarding auto insurance!
Published by Jerry on March 10th 2012 | Insurance
When you are a first time car owner or buyer, there are usually many things that you may need to edu...
 
Factors to consider when taking an auto insurance policy
Published by Julia Bennet on February 6th 2012 | Insurance
Before buying a motor insurance policy, it is prudent to research about the various devis assurance ...
 
Hold unexpected situations with ease, obtain business interruption insurance
Published by Andrew Edwards on February 20th 2012 | Insurance
Fix your business issues quite generously as it is quite important to keep a hold on unexpected situ...
 
Why we should acquire Commercial liability insurance
Published by Andrew Edwards on December 12th 2011 | Insurance
Since the competition has reached a significant value, we have to be quite selective when it comes...
 
Affordable medical insurance procedure
Published by Lessardcasey on March 28th 2012 | Insurance
Medical treatments and preventative care are not cheap. For the 40 million citizens of the United St...
 
Set your fundamentals correctly while looking for commercial insurance quotes
Published by Andrew Edwards on April 6th 2012 | Insurance
Run your business with lots of beneficial methods, don’t do anything wrong that can cause you big ...
 
Get a car insurance to protect your asset
Published by Robert King on January 20th 2012 | Finance
Car insurance is an instrument which covers for all the unforeseen dangers associated with a car. Ca...
 
What leads to cheap van insurance?
Published by Carleson on December 8th 2011 | Insurance
Insurers offer separate quotes for vans used for personal purposes and for commercial vans. Due to t...
 
Get your health cover from Georgia health insurance plan
Published by Ricky Martin on June 20th 2012 | Insurance
People can cover their health related issues from Georgia health insurance plan, and can enjoy your ...
 
Personal finance can be fun - Saving money in this tight economy
Published by Sandra Parker on January 23rd 2012 | Finance
In a tight economy it can become hard for you to save money. But, in actuality if you give importanc...
 
Affordable medical insurance plan
Published by Lessardcasey on January 13th 2012 | Insurance
In today's world, it's important to be prepared for emergencies. While having a savings account is a...
 
Importance of insurance coverage while comparing car insurance
Published by Geenadavis on April 21st 2012 | Insurance
You might be paying huge amount of money for your car insurance and now you have realized the truth ...
 
Buying term insurance online - a way to save premiums
Published by Chris Luke on April 26th 2012 | Insurance
Term insurance is a commonly purchased policy in current times as it is the most suitable plan that ...
 
How do they figure out my cheap car insurance rates
Published by Harrisonford on March 29th 2012 | Insurance
An individual must be thinking before purchasing car insurance that how insurance companies calculat...
 
Faulty finance intended to increase values of homes
Published by Sli Dell on March 10th 2012 | Finance
After an allegation of faulty loans on UK banks created a serious problem for them. Specific allegat...
 
Several categories of Group health insurance
Published by Morgan001 on March 27th 2012 | Finance
The Group health insurance makes individual insurance coverage’s accessible on a member of group b...
 
What signifies Commercial general liability insurance?
Published by Andrew Edwards on January 4th 2012 | Insurance
It is the major concern to go with the plans to get desirable protection against the frequently face...
 
Cheap Home insurance quotation, Flood home insurance at Barn insurance
Published by Barn Insurance on January 12th 2012 | Insurance
Barn insurance covers against damages caused by natural disasters or people. It provides you all the...
 
Best and Low cost medical insurance
Published by Lessardcasey on February 11th 2012 | Insurance
With swirling controversy over the availability of health insurance for all citizens of the United S...
 
Get relief from day to day mishaps and provide insurance coverage for your van today
Published by Gregorypeck on February 25th 2012 | Insurance
For most manufacturing or service providing companies, it is the first priority to have a good runni...