I was a bit stunned by a demand from Admiral Insurance this morning demanding a cancellation fee of 65.00.
I did not cancel, they did.
I wanted to add an item, as named item with a value of 4K to my contents policy.
It was accepted for about 14.00 but was referred to underwriter.
I then got a call telling me the underwriter would not cover the change, a new policy was offered @ over 340.00 compared to the 114.00 I had paid up front.
I refused this, said I would not insure the item and wait for the policy end, about 2 months.
I was then told that this was not acceptable, that I was being given 7 days notice of cancellation.
OK, nasty but I accepted it.
Took out a new policy direct with an insurance company (L&G) @ 184.00.
Now, a cancellation charge for THEM terminating the policy......
The small print does state "for any reason" but this was not me cancelling.
I find this scandallous & legal theft.... or is it legal?
I'm not paying it.
Any advice on how to deal with this?