Question on home insurance cancellation.

thompsb

Hi folks,

I've recently been giving my father a financial health checkup and discovered he's paying Halifax £740 a year for buildings & contents insurance. Churchill can provide pretty much identical cover for £220 (+ quidco discount hopefully).

He's been with Halifax for donkey's years now and in reading their policy details they state:

"Your policy is an annual contract of insurance, unless you have an extended contract."

By extended contract do they mean that a renewal is treated as a rolling monthly contract, or something completely different? His renewal isn't until September so I'd like to get him off them as soon as possible.

Thanks for any tips.

-Ben

matth76

I'm also with Halifax and pay monthly and it is similarly called an "annual contract of insurance" and wish to cancel after only 34 days of use - but they say I will have to pay the full year if I cancel after 30 days! I'd be interested to know what you find out. Surely we can cancel mid-way as I have done many times with previous car insurance that I have paid monthly. In those instances I only paid for the following month (fair enough) and that was it. I too have found much better deals hence the need to change.