Here's the scoop on cancellation costs and fees! 🧾
Within the First 14 Days: A £45 Broker Administrative Fee 📝
After 14 Days: £45 Plus the Cost of Your Coverage Until Cancellation 📆, plus a Pro-Rata Fee/Discount (if applied at the start). 🔄
Key Dates 📅
1. Policy Start Date 🚀
When your coverage began.
2. Cancellation Date 🛑
The day you say "Bye-bye!" to your policy.
Crunching the Numbers 🧮
3. Insurer Refund (Unused Cover) 💰
Kudos! You get some cash back for the time you didn't use the policy. 🔄 Halfway through? Expect around half back!
4. Broker Cancellation Fee 📝
We charge a small flat fee for cancellations. Like paying for an exit ticket! 🎟
5. Outstanding Balance on Policy 🔄
Got direct debits left? We'll settle those from the refund. This is just for this policy, not others you might have with us! 🙅♂️
6. Reclaimed Inception Discount ⚖
Got a discount when you started? We might need a bit back, depending on how long you stayed. Fair is fair! 🤷♀️
7. Commission/Add-ons Credit 🎁
Commission:
Paid extra commission? You might get some back! 🍭
Add-ons:
Additional coverages can be cancelled too. Past 14 days? No return in premium, though 🕑
Total Refund Due Today 🥁
The final figure after all the math! Your refund or extra charge, straight-up! 🎯