COMP 10.2 Limits on compensation payable
The limits on the maximum compensation sums payable by the FSCS for protected claims are set out in COMP 10.2.3 R.
The limits apply to the aggregate amount of claims in respect of each category of protected claim that an eligible claimant has against the relevant person. Consequently, a claimant who has, for example, a claim against a relevant person in connection with protected investment business of £40,000126, and a further such claim of £20,0006 , will only receive the £50,000 limit.12
6 12 6 6 6 6 6 6 6 6 12Table Limits
This table belongs to COMP 10.2.1R
|
Type of claim |
Level of cover |
Maximum payment |
| 6 |
£85,00017 [Note: articles 7(1a) and 7(1b)17 of the Deposit Guarantee Directive] 6 8 17 17 |
|
|
Protected contract of insurance when the contract is a relevant general insurance contract |
(1) Where the claim is in respect of a liability subject to compulsory insurance : 100% of claim 12 12 |
Unlimited |
|
(2) In all other cases: 90% of claim 12 12 |
Unlimited |
|
|
Protected contract of insurance when the contract is a long-term insurance contract |
At least 90% of claim as determined in accordance with COMP 12 12 12 |
Unlimited 2 |
| 12 |
£50,000 12 12 |
|
|
Protected home finance mediation 5 1 5 |
12 |
£50,000 12 |
|
(1) where the claim is in respect of a liability subject to compulsory insurance : 100% of claim 3 |
Unlimited 3 |
|
|
(2) In all other cases: 90% of claim 12 3 12 |
Unlimited 3 |
COMP 12.4.1 R and COMP 12.4.4 R include further limits relating to Deposit Guarantee Directive claims 7and ICD claims against certain incoming EEA firms. These reflect the Deposit Guarantee Directive7 and Investor Compensation Directive/s,7 under which compensation may be payable by the incoming EEA firm's Home State compensation scheme.
7 7 7Continuity of insurance cover
[deleted]2
[deleted]2