MCE Insurance Company Limited has gone into administration. Find out what this means for you and how to get the right cover for your motorbike.
MCE Insurance Company Limited is one of the largest motorbike insurers in the UK with over 100,000 customers.
MCE Insurance Company Limited has gone into administration, which previously provided motorbike insurance through a UK insurance broker called MCE Insurance.
On 19 November 2021 the company was placed into administration and ceased writing new insurance on 5 November 2021.
This means that all existing MCE Insurance Company Limited customers will need to find alternative cover.
All MCE Insurance Company Limited held motorbike insurance policies will end at midnight on 31st January 2022.
If you purchased a motorbike insurance policy through the broker MCE Insurance, check your policy documents to see if the insurer is MCE Insurance Company Limited - if so, you’ll need to put alternative insurance cover in place as your cover with MCE Insurance Company Limited will end on 31 January 2022.
To make sure you’re still insured, you’ll need to find a new motorbike insurance policy that starts from midnight on 31st January 2022.
Yes, the Financial Services Compensation Scheme (FSCS) will provide you with a pro-rata refund for 90% of any unused time left on your policy. It’ll be sent to you by cheque.
An easy way to make sure you have the right cover at the right price is to compare bike insurance policies. Your MCE policy should list any optional extras you’ve included too, so make sure you’re getting like-for-like cover.
If you’ve already made a claim it’ll be sorted out by FSCS, so there’s nothing for you to do. It’ll get in touch with you and pay your claim if it’s valid.
If you need to make a claim you should get in touch with MCE before your policy ends. You can contact it by: