If you’re looking for information on How to get your money back from Gable Insurance, you’re in the right place.
Back in June 2016, my company suffered a break-in at a site and approximately £12,000 of specialist equipment was stolen. We had to replace it immediately to complete the contract and at the same time made a claim against our insurance policy which was underwritten by Gable Insurance.
Within a couple of months and after much negotiation, the claim was agreed by Davies Group and a promise of a payout was given. Sadly, Gable would shortly go into liquidation due to what was described as Gable being “over-indebted to a significant level”. Basically, Gable wasn’t meeting it’s obligations under EU law to ensure that it had enough cash in the bank to remain solvent should it suffer a large number of claims, so all Gable Insurance policies were cancelled from 16th December 2016.
Our claim with Gable Insurance AG was put on hold
The first we new of this was a call from our insurance Brokers to advised that the claim was on hold due to a legal dispute between representatives of Gable Holdings and the Administrators, Price Waterhouse Coopers.
Financial Services Compensation Scheme
I decided to call the Financial Services Compensation Scheme FSCS (0800 678 1100). The FSCS is designed to help people who are owed money for a claim in the event that an insurance company goes bust. A recorded message confirmed what I already know and that the FSCS were in talks with the administrators on “how best to deal with the claims”. The message already said that what to do would shortly be announced on the FSCS website.
How to get your money back from Gable Insurance (claims)
The FSCS has been dragging its heals on the issues with Gable. When I last contacted them on 14th Feb 2017 they told me to email the liquidators in Lichtenstein. Forget this and follow the information below:
Contact Enstar Group
Enstar Group have been appointed to deal with any unpaid Gable claims in Europe. This is what you need to do:
- Gather as much information about your Gable Insurance policy as possible (i.e. policy number, a copy of your certificate of insurance is better)
- Gather the details of your claim (i.e. date and time and any details you previously sent to Gable
- Email the details to Enstar: Gable.Claims@enstargroup.com – along with an explaination as to why you are contacting them
- You should receive a response from Enstar swiftly and they will advised where your claim is being dealt
How to get your money back from Gable Insurance (Policy)
At the moment, you can’t. If you’re still paying a direct debit I recommend you stop it, because all Gable Insurance policies expired on 16th December 2016. Details of how to claim back your policy premium will be posted here once known.