With a valid claim, what is the minimum percentage of liability amount that a personal lines policyholder will receive under the FSCS?

Under the Financial Services Compensation Scheme (FSCS), when a personal lines policyholder submits a valid claim, they are entitled to receive compensation of up to 90% of their claim amount, in the event that the insurance provider is unable to meet its obligations. This level of coverage is designed to protect consumers and ensure that they are not left adversely affected due to the financial failure of their insurer.

This percentage reflects the FSCS's commitment to consumer protection in the insurance sector, emphasizing the importance of maintaining confidence in the financial services industry. It ensures that individuals can rely on a significant portion of their claimed amount during adverse circumstances, thereby enhancing financial stability for policyholders.