MSE News: London and UK riots: your financial rights

problemcashback

http://www.thisismoney.co.uk/money/news/article-2024380/UK-riots-2011-Taxpayers-pay-damage-reach-200m.html

insurance co not having to pay out, tax payers liable

Tigggger

Assuming the event is officially deemed a riot under section 1 of the Public Order Act, the ABI says the police/Government must compensate individuals and businesses that suffer loss or damage as a result of a riot, if a claim is made. There is no cap on the level of compensation.

And that is why despite the fact that every commentator, newspaper and and TV station has called it a riot you have not heard a single senior police officer or politician use the 'R' word

no_choice_now

Tigggger wrote: »

And that is why despite the fact that every commentator, newspaper and and TV station has called it a riot you have not heard a single senior police officer or politician use the 'R' word

Because it hides inconvenient truths about who the trouble makers actually are of course.

Sensible_Jess

It would be really helpful if people could post successes on here.
I fear many insurers may try and wiggle out of paying claims, despite saying otherwise to the media.
But, as previous MSE posts have shown, sometimes they will pay up if you stand your ground and shout loud enough. Knowing that they have paid out to others will help!

jago25_98

Do you think the rooters would have done what they did if there wasn't insurance to fall back on?

problemcashback

jago25_98 wrote: »

Do you think the rooters would have done what they did if there wasn't insurance to fall back on?

course they are muppets and dont careless, if you seen the parents on the news at tea time it was shocking. Turns out insurance companies wont have to pay out it will be the tax payers, see the thisismoney link above.

luxor4t

DD works in the Bull Ring & has lost 2-3 hours work daily this week due to early closures (Serious money on her low wages). The employer is 'considering the position' but has not re-rostered staff to spread the pain, so it looks like DD & 2 others will be on half pay. Any ideas what she can do, or is it just her hard luck?

System

I wonder if / when one of the group of solicitors will put a TV advert together to advertise their services to help people claim compensation for loses caused by these disturbances (riots) ? - Where the loss is not going to be covered by any government schemes or by an insurance policy.

Would a "class action" type of lawsuit be possible to get compensation paid by the thugs who have been convicted ? Or would individual cases be needed ?

Assumes that the thugs would have available assets that could be used to pay the compensation (Oh, I forgot the thugs are probably on benefits).

olly300

BAA1 wrote: »

I wonder if / when one of the group of solicitors will put a TV advert together to advertise their services to help people claim compensation for loses caused by these disturbances (riots) ? - Where the loss is not going to be covered by any government schemes or by an insurance policy.

Would a "class action" type of lawsuit be possible to get compensation paid by the thugs who have been convicted ? Or would individual cases be needed ?

Assumes that the thugs would have available assets that could be used to pay the compensation (Oh, I forgot the thugs are probably on benefits).

It will all be paid for by the tax payer. Due to the police standing around and not protecting property we all have to pay for it.

System

olly300 wrote: »

It will all be paid for by the tax payer. Due to the police standing around and not protecting property we all have to pay for it.

Unfortunately, for some people effected by the troubles (riots) they may not be compensated by the government (and hence the tax payer).

For example, if your car has been torched, I believe that is not going to be covered, and if the car insurance doesn't cover it either, then the owner could be out of pocket for 10s of thousands of pounds :eek:

I also do not think that consequential losses would be covered - e.g. loss of income because your employer cannot pay you whilst their shop is closed for repairs (or worse, goes out of business)