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Cancelling car insurance within 14 days


Titan13
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i would like to cancel my car insurance within the 14 day cooling off period, but i made a claim a couple of days ago because my car was stolen. Is it possible to cancel this claim (its a very cheap car) and still get the full refund within the 14 days?

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In a word - NO.

 

In effect you have used the policy and the full premium will be due and may be deducted from any claim settlement if you are paying by direct debit.

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Afraid Xchris is totally correct.

 

If you cancel during the cooling off period then it would be as if you never had insurance in the first place and the claim wouldnt be honoured anyway.

 

Just reread the post and misread it (doh) presume when your car was stolen you reported it? if so then if you cancel your insurance then the police would then have you for no insurance.

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What you can do - if this is the better option for you - is to withdraw your claim, and then issue the 14 day cancellation notice. You will then get (nearly) all your premiums back.

 

The thing about this though, is if your car gets recovered, you will be liable for either the towing & storing charges or the rest of the years premium.

 

Regards

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