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Cancellation of Tesco pet insurance

Shims_2
Posts: 2 Newbie
Hi all,
I cancelled my Tesco pet insurance 23rd Nov 07 and was told that I had to pay the following months premium due to their cancellation policy, does anyone know is this legal.
Shims
I cancelled my Tesco pet insurance 23rd Nov 07 and was told that I had to pay the following months premium due to their cancellation policy, does anyone know is this legal.
Shims
0
Comments
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It is in their terms and conditions that you pay upto the month you cancel.
If this cover does not meet your requirements, please return all your documents within 14 days of receipt. We will return any premium paid in full provided no claims have been made on the policy during that time. Otherwise, you can cancel this policy at any time and you will only be charged for the premiums due up to the month you decide to cancel, simply call us on 0845 300 22 00.
So, depending on the date in the month when your policy payment date is you may need to make an extra payment. That is not the same for paying an extra month. i.e. if you phoned to cancel on the 23rd and the renewal date in the month was the 1st, then you wouldnt have to pay any more. However, if the renewal date was the 20th for which a payment was due on the 1st then you would have to pay.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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