Quote:
Originally Posted by will-dakar
Yeah that's what I did before but the RAC have put a stop to the insurace indemnity option so know you have to pay up in full.
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From the RAC site ...
Previously the RAC offered three ways of securing this risk – insurance indemnity, full cash deposit and bank guarantee.
Following a business review at the beginning of 2013 a decision was made to only offer insurance indemnity as security for CPDs due to the risk factors of the other options.
The bank guarantee was withdrawn because of low take-up, administration difficulties and legal requirements which vary from bank to bank. As, on average, only 4% of CPDs issued each year were secured by a bank guarantee, the RAC felt it was no longer economical to offer this as a security option.
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