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Posted By Discussion Topic: Broad Sheet

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Feb-20-2018 @ 2:32 PM                           Permalink
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Mudplug Juggler
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Joined: Jul 2008

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Check out the latest issue of the Broad Sheet Tucked away at the foot of the last page is an insurance reminder. At long last, the BA has taken notice of what has been told to them for years – that there is an insurance company, popular with some boaters, whose product doesn’t NOT meet the criteria for Broads boat insurance.

They warn that “Insurance policies must be issued by an insurer authorised under the Financial Services and Markets Act 2000 in the UK, or an insurer authorised in a similar way by the laws of another EU country.“

It would have been better had they actually named the company, but for those still in doubt, the attached picture is from the FCA web site. The company is Edward William.

"..for the avoidance of any doubt, the broads are not legally a national park and do not come under the national park legislation, and nor will they."
Parliamentary Under-Secretary of State for DEFRA (Hansard 2015)

This message was edited by Paladine on Feb-20-18 @ 1:33 PM

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Feb-20-2018 @ 6:21 PM                           Permalink
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Harnser Trainer
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Mmmm surprise, surprise! Wink

Dave Cheers

if it is to be it is up to me.

Feb-20-2018 @ 8:12 PM                           Permalink
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Mardles sometimes
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I have to say that a lot of credit must go to the BA's solicitor for pursuing this as far he could with the FCA and then finally with his senior colleagues. The result appears to be the bit in Broadsheet which clarifies what a lot of us have been saying for a long time. Its a shame it wasn't taken further and the declaration updated to be more specific, or at least to ask the boat owner to declare which company they are insured with.

It is however evident now for all to see that any who insure with EW will or could be making a false declaration at toll renewal.

Just because The BA make a request, don't automatically assume they have the powers to make such requests!! Keeping a careful eye on an Authority which is making it's own rules.

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