Is it fair that I was charged £50 to cancel my insurance policy after two months of cover?

Saga charged me £50 of my premium, which is £150, to cancel my policy after less than two months of cover. They told me the cost was for an admin charge plus my two months of cover. Do you think this a rip off?

Asked on 20 August 2018 by john harrison

Answered by Honest John

If it's in the terms and conditions and is after 30 days then they are fully entitled to the £50.

Tags: insurance insurance cancellation

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