Insurance cancellation robbed!!

george792 · 23 June 2009 at 5:29PM

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.

glider3560 · 23 June 2009 at 5:36PM

No. You would have agreed to the cancellation charge when you bought the policy.

dunstonh · 23 June 2009 at 5:50PM

£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.

george792 · 23 June 2009 at 7:13PM

guessed it was right but does not make me feel better feel like someone has had my pants down! thanks for advice anyway.

lisyloo · 23 June 2009 at 10:00PM

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.