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  • FIRST POST
    • dugdug03
    • By dugdug03 13th Jun 17, 2:00 PM
    • 14Posts
    • 3Thanks
    dugdug03
    Cooling off Period - Car Insurance
    • #1
    • 13th Jun 17, 2:00 PM
    Cooling off Period - Car Insurance 13th Jun 17 at 2:00 PM
    Hi Guys.

    Couple of questions, The cooling off period, is this 14 working days or 14 calendar days?

    If i change my address on my policy and they charge me a admin fee of £30.00 plus the difference of premium, does this mean i have entered into a new legal or credit agreement? would this in turn mean the 14 day cooling off period re-starts from the date of changing the address?

    Many Thanks
Page 1
    • dunstonh
    • By dunstonh 13th Jun 17, 2:16 PM
    • 88,757 Posts
    • 54,091 Thanks
    dunstonh
    • #2
    • 13th Jun 17, 2:16 PM
    • #2
    • 13th Jun 17, 2:16 PM
    Couple of questions, The cooling off period, is this 14 working days or 14 calendar days?
    14 calander days.

    If i change my address on my policy and they charge me a admin fee of £30.00 plus the difference of premium, does this mean i have entered into a new legal or credit agreement?
    They are amendments to an existing contract.

    would this in turn mean the 14 day cooling off period re-starts from the date of changing the address?
    no
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • csgohan4
    • By csgohan4 13th Jun 17, 2:50 PM
    • 3,633 Posts
    • 2,271 Thanks
    csgohan4
    • #3
    • 13th Jun 17, 2:50 PM
    • #3
    • 13th Jun 17, 2:50 PM
    some insurers do charge admin fees even within the 14 day cooling period, always read T+C
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
    • phillw
    • By phillw 13th Jun 17, 9:01 PM
    • 674 Posts
    • 338 Thanks
    phillw
    • #4
    • 13th Jun 17, 9:01 PM
    • #4
    • 13th Jun 17, 9:01 PM
    would this in turn mean the 14 day cooling off period re-starts from the date of changing the address?
    Originally posted by dugdug03
    No it doesn't, but what advantage would you hope to gain if it did?
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