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 31 July 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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