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Mossbank

Can an Insurance broker withhold no claims bonus??

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Hi!

 

I took out car insurance though One Call Direct insurance brokers. I cancelledmy insurance with them after 8 months, because I sold the car and had no needfor the insurance though them, plus the fact they were double the price thanother companies.

The have told me that the cancellation fee I have been charged is 95% of my total policypremium, which totals £79.65.

Theytold me that they will not release evidence of my no claims bonus for my newinsurer, until they receive the cancellation fee in full.

Canthey do this, since they are a broker, and not the actual insurance company?

Thanks!

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