Interested in making a Midterm Adjustment to your insurance policy and curious about the costs involved? A midterm adjustment refers to any modification made to your insurance policy within its active duration, which is after the policy has started but before its expiration date. Let's take a look 💡

For changes made through the online portal, there will be a reduced admin fee of £40. 

Your premium may increase, decrease or stay the same depending the underwriters risk criteria based on the new details 🧮

If your insurer evaluates that the changes you've made to your policy place you in a higher risk category, you'll likely experience an increase in your premium. You'll need to pay the difference in premium to continue your coverage 🙂

If your insurer assesses that the alterations you've made to your policy put you in a lower risk bracket, this will likely result in a decrease in your premium. You can expect to receive a refund for the difference or have your monthly payments adjusted accordingly 🥳

In many cases, your premium will remain the same and you would only be required to pay the admin fee 😌