One of the leading Insurers of couriers in the UK, HSBC Insurance Company, have gone into what is known as ‘run-off, meaning they will continue to insure up to the next renewal of the motor policy but will not offer any renewal terms.
Any motor policies with HSBC due between 1st October 2009 and 30th September 2010 will have to be replaced from the renewal date.
HSBC were a significant (and in our opinion a quality) Insurer and their withdrawal from the market with, already, so few prepared to provide cover, can only lead to some confusion, restricted alternatives and, ultimately, higher average prices.
If you’re currently with HSBC and are faced with this problem, or need any help or advice, don’t wait until renewal - please contact our Courier Team.