Rednal Racing and Romero Insurance

 A catastrophic fire destroyed BIBA broker, Romero’s client’s brand new buildings that housed their operations as well as their full fleet of karts.  

Progress with the resultant claim was hampered when it came to light that the building also contained a brand new Ginetta racing car that had been leased to Rednal’s owner and his son (the up and coming racing driver Tom Wrigley) the day before the fire. At this point they turned to their broker for help.

Romero had not been notified of the vehicle upon delivery and insurers were also unaware, so it hadn’t been listed specifically on the policy, and they were not going to meet that part of the claims.

Romero was able to demonstrate that the £95,000 claimed for the car should be paid under the policy’s capital additions clause. The broker’s understanding of the cover saved the client a large amount of money, and the heartache of losing a brand new prized possession. Rednal’s business has now been fully reinstated and Tom has continued his impressive motor sport career racing in the Porsche Carrera Cup GB.

Jungle Studios and Aston Lark Commercial

At the beginning of 2018 a water tank burst on the roof at Jungle Studios causing significant damage to a number of their recording studios and equipment.

There were challenges getting the business back up and running – the damaged specialist equipment was no longer being produced and all replacement sound and recording equipment needed to be compatible with the undamaged servers and software.

BIBA broker, Aston Lark found a new manufacturer that could reproduce the damaged equipment within six months at a cost of £100,000. 

However with concerns from the client about quality and length of time to replace from a new manufacturer, Aston Lark found a viable alternative.  

Romero was able to demonstrate that the £95,000 claimed for the car should be paid under the policy’s capital additions clause. The broker’s understanding of the cover saved the client a large amount of money, and the heartache of losing a brand new prized possession. Rednal’s business has now been fully reinstated and Tom has continued his impressive motor sport career racing in the Porsche Carrera Cup GB.