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

Quentin

notanewuser wrote: »

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

Your point escapes me.


What is the correlation between my post regarding cancelling a policy during the cooling off period and those I know only paying £7k for their insurance??

notanewuser

Quentin wrote: »

Your point escapes me.


What is the correlation between my post regarding cancelling a policy during the cooling off period and those I know only paying £7k for their insurance??

I've already explained! High risk driver takes out a high cost policy (which rings bells as it is) then cancels it a week later. Yes, within the terms, but a record is made and kept. If the OP goes back for another quote, be it 4 months, a year or 2 or 5 years later the system will flag that that driver cancelled a high cost policy not long after inception.

OP, have you the £7k to pay if you have an accident in that week and a bit?

Quentin

Yes. I saw your "explanation" earlier.

My post pointed out the flaw in your explanations.

There are plenty more insurers outside the bell group you explained to us

chicoe

notanewuser wrote: »

I've already explained! High risk driver takes out a high cost policy (which rings bells as it is) then cancels it a week later. Yes, within the terms, but a record is made and kept. If the OP goes back for another quote, be it 4 months, a year or 2 or 5 years later the system will flag that that driver cancelled a high cost policy not long after inception.

OP, have you the £7k to pay if you have an accident in that week and a bit?

I don't no, but if I did have an accident which wasn't my fault, I assume, I wouldn't need to pay the remainder yearly policy in one go, espcially since I did not cause the accident, and the insurer and myself would be claiming off third party?

Car_54

chicoe wrote: »

I don't no, but if I did have an accident which wasn't my fault, I assume, I wouldn't need to pay the remainder yearly policy in one go, espcially since I did not cause the accident, and the insurer and myself would be claiming off third party?

... and if it was your fault?

notanewuser

chicoe wrote: »

I don't no, but if I did have an accident which wasn't my fault, I assume, I wouldn't need to pay the remainder yearly policy in one go, espcially since I did not cause the accident, and the insurer and myself would be claiming off third party?

And if it was your fault (given you're inexperienced and intending on driving hundreds of miles on unfamiliar motorways in an unfamiliar high powered car)?

notanewuser

Quentin wrote: »

Yes. I saw your "explanation" earlier.

My post pointed out the flaw in your explanations.

There are plenty more insurers outside the bell group you explained to us

Not many that like young drivers and sporty cars.

jimjames

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.

And from personal experience they all share data so what one company knows another will do very shortly.

I can also vouch for Admiral doing data matching on their policies, their systems are fairly sophisticated so something as easy as the situation described is far simpler to pick up than others I've seen.

rs65

chicoe wrote: »

The car is going to be sorn until January. Which it will be then insured for a full year. I would never risk driving without insurance.

From your other posts, this is a £13k asset with £11k borrowed. Is it going to be uninsured until January? What if it gets stolen, goes on fire, vandalised, a storm occurs and slates fall on it, a flood happens....

There is more to car insurance than just road risks.

BeenThroughItAll

rs65 wrote: »

From your other posts, this is a £13k asset with £11k borrowed. Is it going to be uninsured until January? What if it gets stolen, goes on fire, vandalised, a storm occurs and slates fall on it, a flood happens....

There is more to car insurance than just road risks.

Sounds like a disaster waiting to happen.


Seller blackmails for additional money
Massive loan on depreciating asset
Handover at an airport/unknown location
"5.5 hour" drive from Aberdeen to Birmingham which will really take 9+ hours
Inexperienced on motorways and unsure of sliproads (!)
Insurance complexities


All sounds peachy, doesn't it?