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  1. ITV Report

Insurers warn: Don't act hastily

Consumers are being reassured they do not need to act hastily in the aftermath of Britain's decision to leave the EU.

But what, in reality will the impact be on you?

The Association of British Insurers has answered any potential questions we might have.

  • I'm going abroad this weekend - will my travel insurance still be valid?

There will be no immediate change to any existing policies you may have. Travel insurance products will continue to offer all of the cover they do at the moment.

The European Health Insurance Card (EHIC) will continue to apply.

A European Health Insurance Card: 27 million British people have one. Credit: EHIC
  • I am planning to drive in Europe next month - will there be an impact on my motor insurance?

UK policies will continue to automatically cover you for the minimum legal requirement in EU countries.

You should check your policy or talk to your insurer about more comprehensive cover if you want it.

  • I am worried about the stock market and what is going to happen to my pension. What should I do?

If your savings are in a fund managed by a pension provider it means they are being professionally looked after.

This includes strategies to minimise the impact of any periods of poor performance.

The UK insurance and long-term savings industry is strong and built to protect customers from market uncertainty and shocks.

– ABI
Credit: Dominic Lipinski/PA
  • I buy my home or car insurance from a company which is not British. Will it still be valid?

Existing contracts with insurance companies and pension providers will be unchanged, wherever the company is based.

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