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EU proposes car insurance shakeup

EU proposes car insurance shakeup

Britain’s car insurance industry could soon provide greater protection for consumers and increased standardisation across the industry after the EU announced a range of new proposals.

If approved, the rules would standardise the format and application of insurance histories, as well as set minimum levels of cover in all EU countries.

The five proposals announced by the European Commission include:

Insurer insolvency

If an insurance company goes out of business, insurance policies will still pay out.

Continue reading EU proposes car insurance shakeup at MOTOR-VISION.

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