claims

Insurance Claims Definition, Tips and Resources

When you make an insurance claim, you have usually suffered some type of a loss or your property has sustained damage that is caused by one of the named perils insured by your insurance policy. Your insurance policy provides coverage and compensation to you for covered losses or the damages you sustain as a result of the claims process.

Having more insight about the insurance claim, how companies handle insurance claims and the methods by which you can file insurance claims can take the worry and guesswork out of the insurance claim process and empower you to get the money you deserve in a claim settlement.

Insurance Claims Process Overview

Depending on the type of insurance claim you are making, the process will be different. Home insurance and personal property insurance claims will involve meeting with adjusters, getting approvals for estimates, making repairs, or replacing items. Each of these steps

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UK Financial Services Compensation Scheme ready to start accepting claims against B&G Finance

FSCS is aware that B&G Finance Ltd entered administration on April 1, 2020.

The UK Financial Services Compensation Scheme (FSCS) is aware that B&G Finance Ltd entered administration on April 1, 2020. The Scheme says it is ready to start accepting claims against the firm.

From January 2, 2018, B&G Finance Ltd arranged and promoted mini-bonds on behalf of Basset & Gold Plc, which issued the mini-bonds. FSCS has determined that due to mis-selling of these mini-bonds, many Basset & Gold bondholders who bought their mini-bonds through B&G Finance Ltd may be able to claim compensation up to the £85,000 limit.

Although Basset & Gold Plc has also entered administration, FSCS is unlikely to be able to pay compensation based purely on Basset & Gold Plc’s failure to repay the bonds, as issuing bonds is not normally a regulated activity.

Customers who bought their bonds through B&G Finance Ltd can

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