For policies taken out before November 9, 2021, the change means:
- Insurance coverage for cars or vans ends on January 14, 2022 at midnight.
- Insurance coverage for motorcycles or scooters ends on January 31, 2022 at midnight.
Your policy with MCE Insurance will remain valid through these dates and you will receive a pro rata refund from the Financial Services Compensation Scheme (FSCS) for 90% of any unused months remaining on your policy. This refund will be sent to you by check.
However, you will need to arrange new coverage to take effect from these dates if you plan to continue using your vehicle as it is illegal to drive without insurance. Below is more information on how to find the best policy for your needs. You can also read our guides to cheap motorcycle insurance, cheap van insurance and cheap car insurance for help finding the best deal.
We don’t yet know what will happen to your no-claims record if your policy ends before you’ve held it for a year. We asked MCE and will update this story when we know more.
Policies issued or renewed with MCEs on or after November 9, 2021 are not affected. They are underwritten by Saber Insurance Group, not MCE Insurance. If this is the case for you, you will continue to be covered and can make any policy change or claim as normal by contacting the company’s brokerage department, MCE UK
Why is my policy being cancelled?
MCE Insurance Company, now known as Green Realizations 123, had sold a range of covers including motorcycle, personal car and van insurance through broker MCE UK. Both companies were part of the same parent group, but the insurance arm went into administration on November 19, 2021, with consulting firm Kroll appointed as administrator.
At the time, the company said all existing policies written with MCE Insurance Company would continue as normal until expiration. But the insurer has now told policyholders it will be terminating their coverage due to the company’s «financial health».