All customers will automatically receive a £25 refund for every car and van covered with Admiral, a total of 4.4 million vehicles. Admiral is giving all of its car and van insurance customers an automatic refund of £25 each, a total return of £110million. These details can be confirmed by visiting the Financial Services Register, www.fca.org.uk/register We’ve taken the step to refund £110m based on our best estimate of the amount we would save compared to claims that would otherwise have been made. This is being watched very carefully. We're being flexible with customers struggling with monthly payments for insurance and personal loans, A £4 million Admiral Support Fund was set up to offer funding and support throughout south Wales – our home for the past 27 years and £100,000 has been donated to the Wales Coronavirus Resilience Fund through Community Foundation Wales, and Admiral’s operations outside the UK are also supporting their own local communities. LV's announcement comes after car and van insurance policyholders with Admiral – and those of its other brands Bell, Diamond and Elephant – were told last week they would all get a £25 flat-rate refund, a move estimated to cost the company £110 million in total. Please select a reason for your feedback today, Please provide feedback on your web experience. Again, this is … We're all in this together and wanted to give our customers an equal share of these savings. No. We have also already reflected this change in driving behaviour in our pricing for customers and will continue to do so.”. In the UK, the city of Leicester was unable to come out of lockdown because of the development of a new spike of coronavirus cases. Epidemics of infectious diseases behave in different ways but the 1918 influenza pandemic that killed more than 50 million people is regarded as a key example of a pandemic that occurred in multiple waves, with the latter more severe than the first. Scroll down to find out more. Refund. The overall threat declines when susceptibility of the population to the disease falls below a certain threshold or when widespread vaccination becomes available. Made policy changes for NHS and emergency services workers to make their life easier in the event of an accident and keep them on the road, waiving claims excess fees and providing a free courtesy vehicle, Supported NHS volunteers by guaranteeing cover for customers using their vehicle to transport people, deliver medical supplies and equipment, or items to people who were self-isolating, Supported customers who are in financial hardship as a result of the outbreak. “Firms that act fairly now may see that they are rewarded in the future, and we encourage all other car insurers to follow Admiral’s lead.”, James Blackham, the chief executive of By Miles, which provides cover on the basis of car usage, said Admiral’s move, while welcome, does not go far enough. Read more about our, No staff were furloughed under the UK Government funded scheme. People drove significantly less than before the lockdown, and this led to a fall in the number of claims and therefore the level of risk we cover. How and why multiple-wave outbreaks occur, and how subsequent waves of infection can be prevented, has become a staple of epidemiological modelling studies and pandemic preparation, which have looked at everything from social behaviour and health policy to vaccination and the buildup of community immunity, also known as herd immunity. This must match the policyholder's email address on the policy. If you purchase your insurance online or over the phone, you have a 14-day cancellation period from the day after you enter into the contract. Until now that had been what was expected from Covid-19. Admiral said it is waiving any motoring claims excess fees for NHS or emergency service workers and giving them a free courtesy vehicle if their vehicle is stolen or undriveable after an accident, to keep them on the road during the lockdown. A £25 refund will be automatically given … Contact. In recognition of this, we refunded £110 million of insurance premiums to our car and van customers and committed millions of pounds more to reducing prices and supporting our customers, NHS staff and the local community. Admiral and LV are offering a refund to policy holders. In recent days the UK has seen a sudden sharp increase in Covid-19 infection numbers, leading to fears that a second wave of cases is beginning. In this case the concern is that the social and political consensus supporting lockdowns is being overtaken by public frustration and the urgent need to reopen economies. Admiral has also been offering customers who are struggling payment holidays, although any deferred payments have to be repaid by the end of the policy term. And in a small piece of good news... Ive just received an email from Admiral, with whom I have a multi car policy, to say that since they are experiencing fewer claims during this lock down they are refunding £25 per insured vehicle. Conventional wisdom among scientists suggests second waves of resistant infections occur after the capacity for treatment and isolation becomes exhausted. But you’ll still have to pay a cancellation fee. With people only leaving the house for essential reasons, there … In one of the leading offers for motorists, Admiral has revealed it will give £110million worth of refunds back to their car and van insurance customers. Thank you for your feedback on our website. Some of the money will go towards measures to support NHS staff, as well as a £4m Covid-19 support fund in south Wales, where Admiral is based. In spring 2020, during the Coronavirus lockdown, Admiral motor customers helped to save lives by staying at home. Some of these customers will remember Admiral’s actions during the global pandemic when it comes to policy renewal meaning the loss of the £110 million through the refund will be well spent. Some drivers will receive a refund on their car insurance as a thank you for staying home during the lockdown. Admiral is giving its customers the refund to reflect that there have been fewer cars on the road during … Admiral has also been offering customers who are struggling payment holidays, although any deferred payments have to be repaid by the end of the policy term. Other UK … If you have more than one cat or dog in your home, a multi pet policy could be for you. EUI Limited acts for, and on behalf of, other regulated insurance companies. In recognition of everybody driving less, and the subsequent profit made from reduced insurance claims, Admiral has offered £110 million back to their car and van customers as part of a ‘Stay at Home Refund’. However Linda Bauld, professor of public health at the University of Edinburgh, says “‘Second wave’ isn’t a term that we would use at the current time, as the virus hasn’t gone away, it’s in our population, it has spread to 188 countries so far, and what we are seeing now is essentially localised spikes or a localised return of a large number of cases.”. You can unsubscribe at any time. Admiral is a trading name of EUI Limited. Admiral is a trading name of EUI Limited. 4.4 million drivers with car or van insurance policies from Admiral will receive £25 refunds after the risk of claims plummeted during the coronavirus outbreak. 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