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Why does he have to pay insurance when theres nothing to cover
innocent_girl
Posts: 351 Forumite
in Loans
My husband could no longer afford to pay for his taxi insurance which was £5000 over the year when they informed us that they are adding over £900 to the total.At the same time he stopped work and put his car for sale so he could pay off most of the car loan.
The insurance broker and insurance company have both written to us saying that we owe them £4000. Can they do that? The insurance started in November 2014.
We were expecting a refund for part of the deposit and instead they are asking us for more money.
TIA
The insurance broker and insurance company have both written to us saying that we owe them £4000. Can they do that? The insurance started in November 2014.
We were expecting a refund for part of the deposit and instead they are asking us for more money.
TIA
0
Comments
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What does the paperwork say, specifically about cancellations?"Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0
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Probably because he took out and agreed to a 12 month policy.0
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Ill have to check that0
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Please do."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0
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Taxi insurance may be different but "generally", Insurance is due in full for 12 Months at the start of the policy.
Paying Monthly is not the same as having monthly insurance.
It only takes about 2/3 months for any refund to wittle down to about 20/30% of the total paid up front.
That's Insurance companies for you.0 -
The monthly payments allow you to spread the cost of an annual policy. Normally when you take out the insurance you are agreeing a contract for the full 12 months, I don't think there are many companies that provide monthly insurance. Selling your car midway through your 12 month policy does not excuse you from the contract that you agreed to.
Why did the insurance company add on an additional £900 mid way through the policy year?"We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein0 -
Any claims or incidents since taking the policy out?Censorship Reigns Supreme in Troll City...0
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