We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Car Insurance Help Please....?
tricky1982
Posts: 1 Newbie
Hi,
I'm new to this forum but need help with a certain large Superstore that I am insured with. (not sure if I'm allowed to say the name?)
Basically we moved to them from another insurer in January and our policy was based on 9 years No Claims. We agreed to pay monthly and paid the initial amount of £92.50 and then started our monthly payments of £50.57 in Feb.
In the mean time, our old insurer had said that we had an outstanding claim so would not provide proof of our no claims bonus until it was closed. Our new insurer bumped up the monthly payments and said that we'd get the full amount once we had proof of our no claims. Fair enough.
We finally got proof of our no claims and forwarded it to our new insurer. But there is a big discrepancy in the difference that they believe that they owe us and all they seem to do is discuss it with Credit Control and come back to me to say that what they have calculated is correct!
We have paid £772.02 for our poilcy. However, if we had paid what we were meant to pay (£92.05 for Jan and then 10 x £50.57) the amount would be £597.75.
They are only offering us a refund of £112.42, where as I have calculated it to be £174.27.
Has anybody else had any experience of this or can anybody give me some advice?
Many thanks in anticipation,
Tricky1982 :think:
I'm new to this forum but need help with a certain large Superstore that I am insured with. (not sure if I'm allowed to say the name?)
Basically we moved to them from another insurer in January and our policy was based on 9 years No Claims. We agreed to pay monthly and paid the initial amount of £92.50 and then started our monthly payments of £50.57 in Feb.
In the mean time, our old insurer had said that we had an outstanding claim so would not provide proof of our no claims bonus until it was closed. Our new insurer bumped up the monthly payments and said that we'd get the full amount once we had proof of our no claims. Fair enough.
We finally got proof of our no claims and forwarded it to our new insurer. But there is a big discrepancy in the difference that they believe that they owe us and all they seem to do is discuss it with Credit Control and come back to me to say that what they have calculated is correct!
We have paid £772.02 for our poilcy. However, if we had paid what we were meant to pay (£92.05 for Jan and then 10 x £50.57) the amount would be £597.75.
They are only offering us a refund of £112.42, where as I have calculated it to be £174.27.
Has anybody else had any experience of this or can anybody give me some advice?
Many thanks in anticipation,
Tricky1982 :think:
0
Comments
-
174.27-112.42=61.85
are you sure the 61.85 isn't the interest because of the pay monthly plan?
edit: or it may be the admin charge0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards