The effect of changing insurers on your Public Liability Cover
When changing insurers you are effectively canceling your existing policy
[Underwriter 1] and starting a new policy with a new insurer [Underwriter 2]
Once the policy is cancelled with the Underwriter 1 you have 15 days to
report any possible liability claims. Once this time period has elapsed, no
further liability claims will be entertained by Underwriter 1 and Underwriter
2 will only entertain claims that have occurred whilst they are on risk.
If you advise Underwriter 1 of any possible claims within this 15 day period,
you then have 4 years to finalise the specific claim. (The claim has to have
occurred whilst Underwriter 1 was on risk)
It is therefore vital that you advise us of any possible claims.