Riot claim period could be extended to 42 days
The Association of British Insurers (ABI) has moved to reassure homeowners and businesses that claims for riot damage will be paid out and has urged the Home Secretary to extend the claims period to the police compensation scheme to 42 days.
On current estimates insured losses and damage suffered by individuals and UK businesses are likely to be well over £100m.
When a riot happens police compensation schemes are activated to cover organisations and individuals against losses that they could not possibly have predicted.
A statement from the ABI said that contrary to some reports, neither the Homes Secretary nor the police need to designate the events as a ‘riot’ for police compensation schemes to be activated.
The law sets out a
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