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Charge for cancelling insurance
I insured my Mercedes SL in December 2011 with Lancaster Insurance and paid the annual fee in full at inception. I sold the car in July and notified Lancaster of this.I am not replacing the car. They have sent me a bill £16.70 for cancelling my policy. I should have kept my mouth shut and let the policy run its course and not renewed. I have explained to Lancaster Insurance that I paid up in full at the inception of the policy but they will not budge. New customers beware!
Asked on 1 August 2012 by Peter Walton Sunderland
Answered by
Honest John
Unfortunately it seems to be a legal requirement that if you sell the insured car you have to inform your insurer. So, naturally, insurers exploit this,
Tags:
insurance
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