Bell Direct 14 day cancelation fee charges: What will I pay?

Foxy-Stoat_3

Only real loading would be if you answer yes to "ever having a policy cancelled" question....not sure how the insurer could add a loading for a policyholder who cancels their policy mid term or within the 14 days cooling off period, but if the IT consultant says they do then take it how you want to.

notanewuser

Foxy-Stoat wrote: »

Only real loading would be if you answer yes to "ever having a policy cancelled" question....not sure how the insurer could add a loading for a policyholder who cancels their policy mid term or within the 14 days cooling off period, but if the IT consultant says they do then take it how you want to.

Believe what you like. The OP's base premium is over £7k. I wouldn't be wanting any sort of additional loading on top of that!

chicoe

So if i were to cancel the policy MYSELF and I were to take a new policy and that canceled policy question came up, I can answer no right?

Foxy-Stoat_3

chicoe wrote: »

So if i were to cancel the policy MYSELF and I were to take a new policy and that canceled policy question came up, I can answer no right?

That is correct.

notanewuser

chicoe wrote: »

So if i were to cancel the policy MYSELF and I were to take a new policy and that canceled policy question came up, I can answer no right?

But as a previous customer with the admiral group, who will see that a high risk driver took out a very expensive policy and then cancelled it almost immediately afterwards.

chicoe

Thanks, can't get through to bell, lines busy, will try again when it dies down.

Will phone a few specialist companies and see what they say.

Foxy-Stoat_3

notanewuser wrote: »

But as a previous customer with the admiral group, who will see that a high risk driver took out a very expensive policy and then cancelled it almost immediately afterwards.

.....Within the terms of their policy documents.....and what?

notanewuser

Foxy-Stoat wrote: »

.....Within the terms of their policy documents.....and what?

And so insurers don't like customers that take the policy out to get the cover note (to tax the car or drive it away or whatever) and then cancel. They're wise to it, that's all I'm saying.

Quentin

notanewuser wrote: »

And so insurers don't like customers that take the policy out to get the cover note (to tax the car or drive it away or whatever) and then cancel. They're wise to it, that's all I'm saying.

There are many reasons why a customer has to cancel within 14 days. If insurers decide not to like any customers who do this, so what?


There are plenty of other companies to go to.

notanewuser

Quentin wrote: »

There are many reasons why a customer has to cancel within 14 days. If insurers decide not to like any customers who do this, so what?


There are plenty of other companies to go to.

Know many people paying £7k for their insurance, do you?