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Solicitors PI insurance.....
Hi all.....
A question about Solicitors PI insurance if I may.....
Three weeks ago the solicitors I used to invest my pension were permanently removed from trading by the STD at their tribunal. This striking off is directly linked to their involvement in the Storefirst Ltd investment scam to where my investment was processed by them.....
This week I made a claim to their PI insurance company QBE insurance. Interesting to report that yesterday QBE tell me that they need two weeks to consider my claim here.....
I read at the SRA website that insurance providers must supply cover to their members that meets the SRA criteria. Just two of these being insurance protection of the public v dishonest Solicitors & the requirement of a 6 year run on of Insurance cover after the Solicitor stops trading.....
My questions are as follows;
Assuming that the Solicitor was provided with the SRA standard insurance cover......
1. Would this mean that the insurer cannot now refuse my claim to them under any circumstances?
2. If this is not the case & again assuming that the cover is up to SRA standard, for what reason(s) could my claim be rejected?
3. If the insurers reject my claim as they have NOT supplied the Solicitor with SRA standard insurance would THAT alone validate my current claim to them?
Many thanks in advance,
John....
A question about Solicitors PI insurance if I may.....
Three weeks ago the solicitors I used to invest my pension were permanently removed from trading by the STD at their tribunal. This striking off is directly linked to their involvement in the Storefirst Ltd investment scam to where my investment was processed by them.....
This week I made a claim to their PI insurance company QBE insurance. Interesting to report that yesterday QBE tell me that they need two weeks to consider my claim here.....
I read at the SRA website that insurance providers must supply cover to their members that meets the SRA criteria. Just two of these being insurance protection of the public v dishonest Solicitors & the requirement of a 6 year run on of Insurance cover after the Solicitor stops trading.....
My questions are as follows;
Assuming that the Solicitor was provided with the SRA standard insurance cover......
1. Would this mean that the insurer cannot now refuse my claim to them under any circumstances?
2. If this is not the case & again assuming that the cover is up to SRA standard, for what reason(s) could my claim be rejected?
3. If the insurers reject my claim as they have NOT supplied the Solicitor with SRA standard insurance would THAT alone validate my current claim to them?
Many thanks in advance,
John....
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