Is simply cancelling the DD enough to cancel insurance..?

simmed

Thx for the replies. I called them up, the rep just said that if I've cancelled the DD then there's nothing more to be done. Probably the shortest phone call I've ever made

thenudeone

What type of insurance is it?
If it's car or house insurance and the company cancel it because of non-payment, then when you get insurance next you will have to answer "yes" to the question Have you ever had insurance cancelled?

eschaton

simmed wrote: »

I bought a mobile phone about 10 months ago, have been paying insurance monthly (£6), don't want it any more, cancelled the direct debit.

thenudeone wrote: »

What type of insurance is it?
If it's car or house insurance and the company cancel it because of non-payment, then when you get insurance next you will have to answer "yes" to the question Have you ever had insurance cancelled?

What bit of his/her post did you not understand?

thenudeone

eschaton wrote: »

What bit of his/her post did you not understand?

You're absolutely right - Should have read more carefully.:embarasse:embarasse:embarasse:embarasse

maggsy105

I work for a mobile phone insurance company - if you cancel the DD - you will just get sent a payment problem letter (on one occasion) this is becuase if you cancel the DD/dont make payment your not covered simple as....... HOWEVER SOME POLICIES HAVE A 3 MONTH/6 MONTH MIN TERM

dunstonh

Please note that whilst someone companies will accept cancellation of mandate as cancellation of contract, there is nothing in the law that says that and it is a choice they decide. Legally, all it does is stop the method of payment. If in doubt, notify the company directly. Especially if it is a contract that involves a credit agreement (like insurance often does on monthly payments).