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Cost to Cancel? ๐Ÿงฎ
Cost to Cancel? ๐Ÿงฎ
James avatar
Written by James
Updated over a week ago

Here's the scoop on cancellation costs and fees! ๐Ÿงพ

Within the First 14 Days: A ยฃ45 Broker Administrative Fee ๐Ÿ“

After 14 Days: ยฃ45 Plus the Cost of Your Coverage Until Cancellation ๐Ÿ“†, plus a Pro-Rata Fee/Discount (if applied at the start). ๐Ÿ”„

Key Dates ๐Ÿ“…

1. Policy Start Date ๐Ÿš€

When your coverage began.

2. Cancellation Date ๐Ÿ›‘

The day you say "Bye-bye!" to your policy.

Crunching the Numbers ๐Ÿงฎ

3. Insurer Refund (Unused Cover) ๐Ÿ’ฐ

Kudos! You get some cash back for the time you didn't use the policy. ๐Ÿ”„ Halfway through? Expect around half back!

4. Broker Cancellation Fee ๐Ÿ“

We charge a small flat fee for cancellations. Like paying for an exit ticket! ๐ŸŽŸ

5. Outstanding Balance on Policy ๐Ÿ”„

Got direct debits left? We'll settle those from the refund. This is just for this policy, not others you might have with us! ๐Ÿ™…โ€โ™‚๏ธ

6. Reclaimed Inception Discount โš–

Got a discount when you started? We might need a bit back, depending on how long you stayed. Fair is fair! ๐Ÿคทโ€โ™€๏ธ

7. Commission/Add-ons Credit ๐ŸŽ

  • Commission:

Paid extra commission? You might get some back! ๐Ÿญ

  • Add-ons:

Additional coverages can be cancelled too. Past 14 days? No return in premium, though ๐Ÿ•‘

Total Refund Due Today ๐Ÿฅ

The final figure after all the math! Your refund or extra charge, straight-up! ๐ŸŽฏ

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