Our Property Risks & Coverage (PRC) team recognises that insurers operating in the motor trade market face some issues which are unique to this field. Claims can involve complex issues relating to indemnity and policy interpretation. Keoghs has the required expertise to assist clients with these issues, and we have a successful track record, recovering millions of pounds over the years.
Policy indemnity in relation to claims against a motor trader can be complicated by the compulsory insurance regime. Our PRC team are able to provide advice to insurers as to their status in relation to such claims and assist in reducing that status by obtaining a S152 declaration.
The PRC team are experienced in defending claims against motor traders for damage to property and pursuing subrogated recoveries.
Many stolen vehicles find their way back onto the market where they are sold to innocent purchasers. Through our Innocent Purchasers product, our PRC team can assist insurers recover their outlay either by the recovery of the stolen vehicle itself or by way of a financial settlement.
Our PRC team also acts for motor insurers to recover their outlay from the insured or driver of a vehicle which has caused injury or damage to property where a payment has been made to the third party by the client as either Article 75 or RTA insurer.