also with ref to scrapping vehicles when you take insurance out we are not aware that there is going to be problems with the vehicles we are providing you with a years premuim and the facilities are there to add another vehicle and you are given 30 days to do this

i have been reading these posts about cnc fees . i work for an insurance company and it is clearly stated either verbally or online about these fees you agree to these charges before sales and service proceed with the policy i am not being biased but part of my job is monitoring calls and i am astounded by the amount of customers complaining about not being told about these charges and when i listen back to calls they actually agree to these charges.....all insurance is based on risk factors and material information...... the isurance is then paid up in front by either the brokers or the insurance company themselves ....and the client either settles the account in full or spread across either 11/12 instalments......the first payment is not a DEPOSIT it is 20% of the actual premuim and then the rest are all equal instalments.....when you go to cnc then you are advised about cnc fees and short term rates........a short term rate is a % of the remainder of the policy against what you have already paid.....so depending on how long you have had your policy for this is how it is worked out...so for example if you have had your policy for 3 months you will be required to pay 40%of the remainder of the policy however after 9 months you are looking at having to pay the remainder of the actual premuim plus the cnc fee this is also clearly stated in your policy documents.....and you have 14 days from receiving your docs to check them......some companies charge a process fee in the first 14 days plus time on cover others will only charge you time on cover.....but as insurance providers along with the discount you are provided with when you join the company the companies themselves do not make any profit until you have been with them for 3yrs or more