Who are the FCA?

They are the Financial Conduct Authority (previously known as the Financial Services Authority). They regulate the financial services industry in the UK. Why do they do it? The FCA ensure that the insurance markets and financial systems are sound, stable and...

What are rebuilding costs?

The rebuilding cost or reinstatement value of your property is the amount it would cost to rebuild if it was destroyed. In addition to the more obvious costs of materials and labour, it also requires provision for professionals’ fees – such as architects and...

What is the MID?

The MID (Motor Insurance Database) is a database of all insured vehicles in the UK and contains information about the policy and policyholder with data loaded by the insurance companies (in the case of commercial motor insurance it can be a requirement that the...