If a company I buy insurance from was to go bust, what happens to my policy?

If a company I buy GAP Insurance from was to go bust, what would happen to the policy should I need to claim? Am I covered by FCA? Thanks

Asked on 15 July 2020 by Michela

Answered by Honest John

Any regulated company is protected by the Financial Services Compensation Scheme, so you would either be refunded or the FCA may seek to find another provider to take the policy over.

Tags: insurance

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