THOUSANDS of insurance policies are now invalid after one of the UK's biggest motor insurers has gone bust, and Martin Lewis is urging drivers to check their policy.
Policies from MCE Insurance Company are now invalid as of January 14, the Money Saving Expert has reported, despite promising to honour its 105,000 activeMartin Lewis has warned to check your car insurance now as thousands of policies invalidCredit: MCEMartin Lewis, speaking on the Martin Lewis Money Show, explained that those with car or van insurance with the company were “especially” affected.
He said: "MCE Insurance Company, which was one of the UK's biggest motorbike insurers, is to cancel all of its 105,000 remaining policies after falling into administration last year.“Cover for motorbike or scooter insurance will end at midnight on January 31, 2022.”However, he warned drivers are set to receive “most” of the money back for any unused months as part of a Government refund scheme.
For policies taken up before November 9, 2021, car or van insurance cover ended at midnight on JanuaryMotorbike and scooter insurance policies taken out before November 9 will end at midnight on January 31.At the time of their collapse into administration on November 19, MCE did not contact its customers.
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