FSCS in-default register

Vima Insurance Services Ltd

Declared in default27 June 2017FRN 116766

What this means for you

Because Vima Insurance Services Ltd has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

Vima Insurance Services Ltd, which operated under the trading name Vima (Insurance Brokers) Ltd and held financial services registration number 116766, was declared in default by the Financial Services Compensation Scheme on 27 June 2017. The firm provided insurance broking services to customers. Eligible customers may claim compensation from the FSCS, with insurance claims covered at 90 per cent of loss with no upper monetary limit.

Products this firm wrote

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How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.