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Principal insurance admin fees
spankydata
Posts: 13 Forumite
Looking for vehicle insurance recently for motorcycle and campervan. Principal Insurance were cheapest for both, but, on reading the terms and conditions, their adjustment fee or admin fee is £75 per time. This could make for a very expensive policy. I would have thought there would be some cap on the amount.
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Comments
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I would have thought there would be some cap on the amount.
£75 is not unreasonable. It has to be the best part of 15 years since the FOS published a decision that showed £50 was acceptable. So, £75 is well within inflation from that.0 -
you get what you pay for generally. There's a reason why it's cheap,
sadly not everyone reads the T+Cs and some do have 3k excess fees regardless of fault"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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