Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 13th of December 2018
August 3, 2010

Only a fifth of car insurance offers uninsured loss recovery

by Richard Kilner

Story link: Only a fifth of car insurance offers uninsured loss recovery

Defaqto, the independent financial research firm, has conducted research which reveals that barely a fifth (21%) of motor insurers provide legal cover for uninsured loss recovery as standard.

There is considerable variety amongst comprehensive motor insurance policies, with 28% of insurers not providing uninsured loss recovery at all, and 51% offering coverage as an optional extra.

Insight Analyst Mike Powell explains that uninsured loss recovery provides protection against the costs of a legal helpline or legal assistance such as medical fees or damages for injury following an accident.

Powell advises motorists to ensure that their car insurance matches their needs and has all the features and optional extras that the motorist feels are necessary.

The news follows research in June when Defaqto found that only 23% of comprehensive car insurance policies include a courtesy car as standard with 49% not providing one at all.

 

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