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| Terms
of Business |
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| Credit
Facilities |
| If
we offer credit facilities to you, we may pass information about you to
credit reference agencies and may also pass them details of your
payment record. In order to be able to offer you credit facilities, we
are registered under the Consumer Credit Act and our licence number is
530395. Premiums we collect from you are held in a specific insurance
broking account used for the sole purpose of holding clients premiums.
In agreement with your Insurer, those premiums are treated as having
been paid to the Insurer. Premiums are remitted to insurers after
deduction of our commission in accordance with the terms of our
agreement with Insurers. We may keep certain documents, such as your
insurance policy documents or certificate while we are awaiting full
payment of premium(s). In these circumstances we will ensure that you
receive full details of your insurance cover and any documents that you
require by law. If you would like to know the amount of commission that
we are paid in respect of your insurance contract, this information is
available upon request. |
| Your
right to cancel |
| Should
you wish to cancel your policy at any time during the period of cover
please contact the office on 0844 573 2400. In addition you must put
your request in writing, at the same time returning the certificate of
insurance. Cancellation will only be effective from the date the letter
and certificate are received by the Insurance Company. |
| On
a return premium we repay commission on the amount to the Insurer and
this will be deducted from the final amount refunded to you, together
with any monies owed to your finance provider (if applicable). |
| Your
Insurers may calculate their cancellation refund by applying 'Short
Term' rates. This means that the refund of premium will not be
proportionate to the annual premium and the time on cover and may give
rise to a deficit in the premium(s) paid and those required by your
Insurers. |
| Please
note no refunds will be due if you have been involved in any claims,
paying by instalments or Classic Car Schemes. Breakdown and Legal
Expenses cover, if applicable, are non-refundable. Due to the costs
involved any refund of premium, less than £20.00 (after the deduction
of reclaimed commission and charges) will not be returned. The specific
charge and purpose of any additional charges will always be advised to
you in advance. |
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