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Automatic home insurance renewal

pistolpete81
pistolpete81 Posts: 3 Newbie
in Insurance & life assurance
Hi all,

I will try and keep this short!!
My lovely wife has a habit of putting letters in draws before i can read them( because they clutter up the house!!)
I have come across a automatic renewal from tesco home insurance which for some unknown reason came with a big increase of the premium, they have already collected the first payment. am I to late to cancel the policy without receiving a massive cancellation fine!!
I haven't sign the credit agreement does that help my cause at all?
Any info would be gratefully received!!

Comments

  • keith1950
    keith1950 Posts: 2,597 Forumite
    1,000 Posts Combo Breaker
    Hi, all you can do is ring the insurer and explain and hope their cancellation fee is within recommended levels ( under £50 ) and also send them proof that you have taken out insurance elsewhere.

    Unfortuneately you agreed to automatic renewal when you first took out the insurance last year by clicking 'I agree to the terms and conditions' without actually reading them carefully enough.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I dont see anywhere in the OPs post that they have taken out alternative insurance.

    I dont think you will get out of it without a cancellation fee and possibly an admin fee too.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • keith1950
    keith1950 Posts: 2,597 Forumite
    1,000 Posts Combo Breaker
    I dont see anywhere in the OPs post that they have taken out alternative insurance.

    It doesn't but if he has it may help ! ..... Mr Picky.
  • dunstonh
    dunstonh Posts: 121,288 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Good job there was auto-renewal in this case. If not, and the worst had happened, then a £50 cancellation fee would see a price worth paying.
    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.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    keith1950 wrote: »
    It doesn't but if he has it may help ! ..... Mr Picky.
    \

    Hardly picky !!!! It was a major point that you obviously missed,

    and that's Mrs Picky to you...........:p
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
This discussion has been closed.
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