FSCS in-default register

Patel Insurance Services

Declared in default11 August 2005FRN 137114

What this means for you

Because Patel Insurance Services 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

Patel Insurance Services (FRN 137114) was declared in default by the FSCS on 11 August 2005. The firm's product types were not specified in available records. Former customers may be entitled to FSCS compensation, though the absence of product classification data prevents determination of specific coverage limits.

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.