NCD certificate rejected

gusyah_2

Hi i recently took out bike insurance with bennets, my previous insurance was a home fleet policy with tradex. previous to that i had a policy on my bike only. I told bennets i had 2 years NCB and showed them my cert from tradex. they have rejected this as they dont accept fleet policies and therefore will have to hike up my insurance by £200, from £450 to £650. or i can cancel the policy for £180. i told them that no where in their small print does it say they dont accept fleet policies, if they wish to discontinue insuring me then they should do so without charging me a cancellation fee of 180gbp. they refuse to do this and said they dont deal with home fleet policies they so dont include it in their small print.:mad::mad:

I pay by direct debit so can always cancel but im worried they may come after me??

also i did not sign and return the credit agreement from their underwriters so can they really do anything if i sttop my DD??

lisyloo

I pay by direct debit so can always cancel but im worried they may come after me??

Quite a valid concern.
Cancelling a DD is only stopping the payment, it doesn't cancel the legal contract between you.

also i did not sign and return the credit agreement from their underwriters so can they really do anything if i sttop my DD??

The way I need this is that the credit agreeement is the acceptance of the credit terms.
It's not acceptance of the contract of insurance, so just bceause you decline one offer of credit, makes no difference to the fact that you agreed to the contract.

Get a breakdown of the cancellation fee.
Post it up.
You'll then get advice on whether it's within the guidelines and legal.

Have you made a fromal complaint in line with the formal complaints proceedure. I would do that now.

rs65

From their FAQ's

only motorcycle no claims bonus can be used.

dacouch

Good choice moving away from Tradex...nasty Insurer

forgotmyname

As above, Cancel the payment and the contract is still running. So the charges
could be even higher.

And you need to notify your new insurers you have had a policy cancelled for non payment. If you dont they could cancel your policy for non disclosure.

Then your insurance will be even higher. If they bother to quote you.

Dont forget the phone calls and debt collectors calling. Also it will be marked on your credit file.