RCIB Right Choice Insurance Brokers - cancellation

james55555

Scam merchants.DO NOT TAKE CAR INSURANCE out with this company,1 Yaer mistake on my NCDiscount and they charged £144 to change policy. Absolute joke.20 mind to get through.STAY AWAY

Jumblebumble

Sandtree said:

rs65 said:

Sandtree said:

If you change your car the certificate of insurance is updated to reflect the change and the MID database similarly.

The issue here is that the OP is dealing with a broker not the insurer and the broker appears to be giving the choice of cancelling and paying a fee or let it run on on the vehicle and avoid the fee. If the OP chooses option two the certificate of insurance is still on the original vehicle and the MID database still shows the insurance on it and the insurer is likely to be non the wiser. It is similarly argued he has let someone not named on his policy use it by virtue of selling it and not cancelling the policy.

I would argue there would be a likely claim against the broker for the poor advice... whilst I have done RTA Insurer claims before none have involved a broker so cannot say how they'd end up.

You are massively overcomplicating things.  The OP tells his broker he has sold the car - the broker has a duty to tell the insurer.  As far as the OP is concerned that car is no longer insured on his policy.  

A policy can be suspended - it does not have to be cancelled

Not all insurers allow suspension and a suspended policy will still be using the NCD so the OP couldnt use it on the new vehicle.

I dont think pointing out the risk of allowing someone else to drive around in your former car whilst you're paying the insurance on it is massively complicating things... the risk is small, as already mentioned, but I have dealt with multiple cases where the risk has materialised and the policyholder has been pursued for 5 figure sums. In those cases no broker was involved as already mentioned.

In what world of common sense would an insurance company put themselves at risk of a RTA claim by refusing to allow suspension. I absolutely believe you but this seems lunacy
RCIB fees for cancellation  is £60.00  and £25 for Early settlement of finance so £224.20 is correct if you add on the last 2 months payments which are owed come what may
I will observe that the man on the Clapham Omnibus would simply take the Brokers advice as gospel and would not concern themselves at all with RTA liability as they would have absolutely no reason to do so. and I imagine the ombudsman would agree with me and tell an insurance company who tried to penalise the OP under these circumstances  not to be so stupid

WillowTheWhisper

I've reported RCBI to the FCA for unfair terms and urge everyone who has been 'hit' to do the same.  I cant believe these cowboys are still in business.
https://www.fca.org.uk/consumers/unfair-contracts