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Insurance cancellation robbed!!
george792
Posts: 8 Forumite
Just cancelled bike insurance and expected a fee for doing so the policy cost £150 for the year I have had the policy for 3 months and they will refund me £27 fees is there anything I can do other than except it advice please.
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Comments
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No. You would have agreed to the cancellation charge when you bought the policy.0
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£150 for 3 months is probably getting around 6/7 months rebate which is around £75 minus a cancellation charge of £50 and its more or less right. Obviously we dont know the figures but the ballpark sounds about right.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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guessed it was right but does not make me feel better feel like someone has had my pants down! thanks for advice anyway.0
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Can understand how you feel, but they have probably had to do more admin work through your cancellation than if you had kept the policy for a whole year.0
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