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Excessive policy change fees

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Comments

  • k12479
    k12479 Posts: 824 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    It's good to see you got it reduced. £50 is a huge amount for the changes, £25 is still a lot.
  • dunstonh
    dunstonh Posts: 121,287 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    k12479 wrote: »
    It's good to see you got it reduced. £50 is a huge amount for the changes, £25 is still a lot.

    On what basis have you used for your assessment of what is huge or a lot?
    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.
  • k12479
    k12479 Posts: 824 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Not much, just an arbitrary judgement on value which I should perhaps have clarified. It probably is comparable to what other insurance companies charge.
  • Quentin
    Quentin Posts: 40,405 Forumite
    k12479 wrote: »
    Not much, just an arbitrary judgement on value which I should perhaps have clarified. It probably is comparable to what other insurance companies charge.

    Some charge more (eg Hastings £35), others less (eg NFU £nil).

    You need to look at the whole deal - NFU's premium won't be the same as SW's!
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