Showing results for tags 'insruance'.
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I owned a motorcycle which I sold around a month ago. Then I called my insurance company to cancel the insurance, they told me to send them the original insurance certificate which I did when they received it they said its ok to cancel my direct debit. Then after 15 days or so I got a call from them to pay the 'cancellation charge' of an amount of £400. My original insurance premium was £180 a month (TPFT). I don't understand this charge and since I was surprised the lady on the phone told me to check T&Cs in which she claims that there is a term about cancellation charge. I still havent read this because it's at home, I will do first thing when I reach home tonight. Is there anything else I can do to avoid or reduce this? It is ridiculous amount of money to 'cancel' something that I stopped owning a month or so ago!
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