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Does the scheme apply to insurance taken out with non-resident insurers?

April 26, 2017Insurance insurers non-resident Scheme

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Does the scheme apply to insurance taken out with non-resident insurers?

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Yes. The scheme applies to all eligible insurance contracts on eligible property irrespective of whether the contract is with an authorised insurer or a foreign insurer. If you have a policy with an overseas insurer you should confirm they understand their obligation under the legislation.