'Cancelled' insurance question on quote forms
Discussion
Hi Chaps,
I recently had to scrap a car, just short of its insurance renewal. I phoned the insurer to inform them, and they very kindly agreed to waive the cancellation fee as it was so close to renewal. No problems there, then.
They have sent a confirmation letter which states - in 'big print':
I'm just curious as to how I next answer the question: "Have you or any of the drivers ever had insurance declined, cancelled or special terms imposed?" usually asked on quotation forms.
I've always assumed that the 'cancelled' bit of this question referred to the insurer proactively doing the cancelling (usually due to non-payment or other misdeed) - rather than at the request of the insured.
However, the letter's wording suggests that I have indeed had my policy cancelled - something which would add 30% to a typical quote (according to comparison sites).
So what is my answer to that quote question?
I recently had to scrap a car, just short of its insurance renewal. I phoned the insurer to inform them, and they very kindly agreed to waive the cancellation fee as it was so close to renewal. No problems there, then.
They have sent a confirmation letter which states - in 'big print':
I'm just curious as to how I next answer the question: "Have you or any of the drivers ever had insurance declined, cancelled or special terms imposed?" usually asked on quotation forms.
I've always assumed that the 'cancelled' bit of this question referred to the insurer proactively doing the cancelling (usually due to non-payment or other misdeed) - rather than at the request of the insured.
However, the letter's wording suggests that I have indeed had my policy cancelled - something which would add 30% to a typical quote (according to comparison sites).
So what is my answer to that quote question?
dundarach said:
Sorry to sound thick...
What the hell is a cancellation fee?
You're either renewing it or not, a fee before it's renewed how come?
Not being a t
t here, I'm just wondering if this is something I need to watch out for!
Ta
In most cases if you cancel a policy in the middle of the term (It hadn’t reached renewal) then you’ll pay a cancellation fee. What the hell is a cancellation fee?
You're either renewing it or not, a fee before it's renewed how come?
Not being a t
t here, I'm just wondering if this is something I need to watch out for!Ta
Roofless Toothless said:
The letter the OP posted clearly says “we’ve cancelled” the policy. I would imagine that is his concern, no matter how the cancellation came about.
The policy clearly asks have YOU ever HAD a policy cancelled, not have HAVE you ever cancelled a policy, two completely different meaningsDingu said:
dundarach said:
Sorry to sound thick...
What the hell is a cancellation fee?
You're either renewing it or not, a fee before it's renewed how come?
Not being a tt here, I'm just wondering if this is something I need to watch out for!
Ta
In most cases if you cancel a policy in the middle of the term (It hadn’t reached renewal) then you’ll pay a cancellation fee. What the hell is a cancellation fee?
You're either renewing it or not, a fee before it's renewed how come?
Not being a t
t here, I'm just wondering if this is something I need to watch out for!Ta
I'm wondering (as it's not something I've ever done) whether there's any fee, up to the time\date the new policy kicks in.
So should I check the day before and discover a massively cheaper policy, I'd be stung within say 24hrs prior to new insurance kicking in.
I'd always assumed I could ring the day before renewal and say, don't bother ta!
Just curious.
dundarach said:
Dingu said:
dundarach said:
Sorry to sound thick...
What the hell is a cancellation fee?
You're either renewing it or not, a fee before it's renewed how come?
Not being a tt here, I'm just wondering if this is something I need to watch out for!
Ta
In most cases if you cancel a policy in the middle of the term (It hadn’t reached renewal) then you’ll pay a cancellation fee. What the hell is a cancellation fee?
You're either renewing it or not, a fee before it's renewed how come?
Not being a t
t here, I'm just wondering if this is something I need to watch out for!Ta
I'm wondering (as it's not something I've ever done) whether there's any fee, up to the time\date the new policy kicks in.
So should I check the day before and discover a massively cheaper policy, I'd be stung within say 24hrs prior to new insurance kicking in.
I'd always assumed I could ring the day before renewal and say, don't bother ta!
Just curious.
In fact one large insurer I know of would never allow the cancellation fee to create a situation where the amount paid pro rata for the year plus cancellation fee combined were more than the years premium. This may be common but I couldn’t say for certainty.
E.g. if cancelling generated a refund of £10 before the fee and the fee was £30 they would either balance it up to £0 or write the fee off.
In your case op I wouldn’t worry about it.
I’ve had mine cancelled by the insurer mid term, I had asked them to increase the value of the car as it was appreciating. All ok on the phone then a week and a bit later receive a letter saying they have cancelled my policy with 2 weeks notice from date of letter, which having been delivered by the world’s most lethargic snail meant I had 3 days to find out what the hell happened and sort something else out.
Turns out upping the value put it out of the scope of cars they will insure.
When explaining this to prospective new insurers they all said it was ok, they are only concerned if it is something bad you have done like fronting, fibbing about your licence/ points, undeclared mods etc
I’ve had mine cancelled by the insurer mid term, I had asked them to increase the value of the car as it was appreciating. All ok on the phone then a week and a bit later receive a letter saying they have cancelled my policy with 2 weeks notice from date of letter, which having been delivered by the world’s most lethargic snail meant I had 3 days to find out what the hell happened and sort something else out.
Turns out upping the value put it out of the scope of cars they will insure.
When explaining this to prospective new insurers they all said it was ok, they are only concerned if it is something bad you have done like fronting, fibbing about your licence/ points, undeclared mods etc
martinbiz said:
Roofless Toothless said:
The letter the OP posted clearly says “we’ve cancelled” the policy. I would imagine that is his concern, no matter how the cancellation came about.
The policy clearly asks have YOU ever HAD a policy cancelled, not have HAVE you ever cancelled a policy, two completely different meaningsMillions of people will have cancelled their car insurance at some point in their driving history. That's not what they are concerned about or asking about.
dundarach said:
Dingu said:
dundarach said:
Sorry to sound thick...
What the hell is a cancellation fee?
You're either renewing it or not, a fee before it's renewed how come?
Not being a tt here, I'm just wondering if this is something I need to watch out for!
Ta
In most cases if you cancel a policy in the middle of the term (It hadn’t reached renewal) then you’ll pay a cancellation fee. What the hell is a cancellation fee?
You're either renewing it or not, a fee before it's renewed how come?
Not being a t
t here, I'm just wondering if this is something I need to watch out for!Ta
I'm wondering (as it's not something I've ever done) whether there's any fee, up to the time\date the new policy kicks in.
So should I check the day before and discover a massively cheaper policy, I'd be stung within say 24hrs prior to new insurance kicking in.
I'd always assumed I could ring the day before renewal and say, don't bother ta!
Just curious.
If you pay monthly the insurer might reasonably expect to get 12months out of you.
What is more, you HAD to cancel it as you no longer had an insurable interest in the car as it was scrapped.
You are fine. You terminated the contract.
The question asked is the other way round - has an insurance company ever terminated the contract on their initiative (due to false information, etc)
You are fine. You terminated the contract.
The question asked is the other way round - has an insurance company ever terminated the contract on their initiative (due to false information, etc)
over_the_hill said:
dundarach said:
Dingu said:
dundarach said:
Sorry to sound thick...
What the hell is a cancellation fee?
You're either renewing it or not, a fee before it's renewed how come?
Not being a tt here, I'm just wondering if this is something I need to watch out for!
Ta
In most cases if you cancel a policy in the middle of the term (It hadn’t reached renewal) then you’ll pay a cancellation fee. What the hell is a cancellation fee?
You're either renewing it or not, a fee before it's renewed how come?
Not being a t
t here, I'm just wondering if this is something I need to watch out for!Ta
I'm wondering (as it's not something I've ever done) whether there's any fee, up to the time\date the new policy kicks in.
So should I check the day before and discover a massively cheaper policy, I'd be stung within say 24hrs prior to new insurance kicking in.
I'd always assumed I could ring the day before renewal and say, don't bother ta!
Just curious.
If you pay monthly the insurer might reasonably expect to get 12months out of you.
Even when they cancel on you, the answer to the question is frequently 'no'. They are looking for cancellation due to dishonesty on your part so, for example, deciding after writing a policy that they cannot insure a particular model (which happens), and then their cancelling your policy (which also happens) would not leave you struggling to obtain insurance in future.
RB Will said:
In your case op I wouldn’t worry about it.
I’ve had mine cancelled by the insurer mid term, I had asked them to increase the value of the car as it was appreciating. All ok on the phone then a week and a bit later receive a letter saying they have cancelled my policy with 2 weeks notice from date of letter, which having been delivered by the world’s most lethargic snail meant I had 3 days to find out what the hell happened and sort something else out.
Turns out upping the value put it out of the scope of cars they will insure.
When explaining this to prospective new insurers they all said it was ok, they are only concerned if it is something bad you have done like fronting, fibbing about your licence/ points, undeclared mods etc
I had a cancelation due to a change of address and had similar "we don't care about that" responses from insurers.I’ve had mine cancelled by the insurer mid term, I had asked them to increase the value of the car as it was appreciating. All ok on the phone then a week and a bit later receive a letter saying they have cancelled my policy with 2 weeks notice from date of letter, which having been delivered by the world’s most lethargic snail meant I had 3 days to find out what the hell happened and sort something else out.
Turns out upping the value put it out of the scope of cars they will insure.
When explaining this to prospective new insurers they all said it was ok, they are only concerned if it is something bad you have done like fronting, fibbing about your licence/ points, undeclared mods etc
I don't think this is a cancellation in this situation but even if it was it wouldn't be a problem.
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