Insurance and 14 day cooling off period.

[C70R]

Amused2death said:

2ono said:

Just a quick question, paid in full for car insurance on 29/09/16, policy doesn't actually start until 16/10/16 when does my 14 day cooling off period start, as I'm now thinking of changing one of the cars.

Sorry for the thread hijack....

I believe, in your case, the 14 days starts when the policy comes into force.

From: http://www.moneysupermarket.com/car-insurance/blog...

"The cooling-off period starts when you receive your documents, or when the cover begins, whichever is the later. But the insurer can still apply a fee to cover the cost of administration"

Correct. DSRs don't technically exist as a standalone any longer, but financial services products (including insurance) are exempted.

[insurance_jon]

Where you have come unstuck is that you have read a policy wording. These describe all the covers that CAN form part of the covers I.e it will mentioned tpft and comp covers, and even driving other cars.

The policy has to be read in conjunction with the policy schedule and the certificate of insurance to see what is actually covered. Driving other cars is activated by it being mentioned on the certificate.

That said DoC is being phased out so will be a mute point soon

[eccles]

JumboBeef said:

mcflurry said:

ATM said:

I've just cancelled a policy with Adrian Flux within the 14 day cooling off period for a genuine reason - rather than trying to get a few days cheap insurance - and they have charged me for the days used plus £65 admin fee. That's quite steep for an admin fee and kind of makes the exercise a bit pointless.

Wonder how many people use a company again after such a large charge?
After all, the proverb says, "you can shear a sheep many times, but only slaughter it once"

Flux used to be great, I used them for years. Then they got more expensive than the others. I did try a few times over the years but their quotes were always considerably more than others.....

I use them for my classic car. My premium is £90 annually, made up of £45 for the cover, and £45 to issue the policy!

[rscott]

insurance_jon said:

Where you have come unstuck is that you have read a policy wording. These describe all the covers that CAN form part of the covers I.e it will mentioned tpft and comp covers, and even driving other cars.

The policy has to be read in conjunction with the policy schedule and the certificate of insurance to see what is actually covered. Driving other cars is activated by it being mentioned on the certificate.

That said DoC is being phased out so will be a mute point soon

Why do you say DoC is being phased out? Some insurers may be doing so, but I don't think it's going completely.

[Magic919]

insurance_jon said:

That said DoC is being phased out so will be a mute point soon

Hush.

[Sebring440]

Magic919 said:

insurance_jon said:

That said DoC is being phased out so will be a mute point soon

Hush.

Yes, keep it zipped!