Update to all CRL policyholders and claimants in the UK

The bankruptcy estate has received enquiries concerning the latent defects/structural damage insurances in the UK, including questions about coverage, claims handling and premium refunds.

Claims for premium refund

The Danish Guarantee Fund only pays return premium less an excess of DKK 1,000 per policy, if the structural damage insurance on the building originally was taken out and paid by a private person in favour of the person concerned and the private person is still the policyholder/owner of the policy.

If the structural damage insurance on the building originally was taken out and paid by a commercial/developer and subsequent has been sold and made over to a private person, the Danish Guarantee Fund does not pay return premium.

Furthermore, if the structural damage insurance on the building originally was taken out and paid by a commercial/developer and the commercial/developer is still the policyholder/owner of the property (building), the Danish Guarantee Fund does not pay return premium.

If the claims for premium refund is not covered by the Danish Guarantee Fund, the policyholder/owner of the policy then the claim for premium refund will be against the bankruptcy estate. Please submit a claim at the webformular.

 

 

 

Posted in UK

Leave a Reply

Your email address will not be published. Required fields are marked *