News Details

27 Jan, 2009

Increases to minimum PI limits

The Insurance Mediation Directive requires Firms who conduct non-investment insurance (term; travel; motor; mobile phones; medical etc) to have in place minimum PI of £1.36M (€1.5m) in aggregate and £900,000 (€1m) any one claim.

Last October the FSA announced that the minimum levels of cover were to increase to :

€1.68 m in aggregate, and

€1.12 m for any one claim

These changes are due to come into force on 1st March 2009



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