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canberra27

Joined:

Aug 12

Posts: 7

canberra27 says:

Highway robbery Insurance scam.

Comment invited please. I've had a policy through Devitt insurance with the cover being provided by Chaucer insurance. I sold my bike after having the policy out for four months I rang them to cancel the policy and Devitt wanted £50 to cancel it and Chaucer wanted £34. So a total of £84 when the policy was only for £125 in total. Surely they can't get away with this. How does it cost £50 to cancel a policy? Do all Insurance companies charge £50 to cancel?

Thanks for all your advice, I cancelled the policy but I think it's another financial services robbery/scam. I wonder if when enough people complain it will turn out to be another PPI refunding scandle. Regards to all.

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  • Posted 69 days ago (16 July 2014 21:15)

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jaffa90

Joined:

Mar 09

Posts: 8934

jaffa90 says:

insurance

Ok you have broken a contract with your ins company via Devitt ins brokers, there should only be one fee to Devitt  and not Chaucer unless it`s in the small print or explained over the phone at the start date.

I suggest you put your topic in LEGAL on here for Andrew, A.C.I.C.       

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bryfor59

Joined:

Feb 09

Posts: 316

bryfor59 says:

Cancelling Insurance

Why not just just let it run and not cancel it, if within the remaining period you get another bike then just do a change of vehicle, I certainly would not pay any cancellation fee!!! Effectively the insurance company still have your cash for the years cover but now have no risk on the bike, seems to me they are quids in already!!!!!!!! (I am no expert by the way)

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jaffa90

Joined:

Mar 09

Posts: 8934

jaffa90 says:

fees

http://www.devittinsurance.com/privacy-policy/

Also if you don`t cancel and sell the bike on and is involved in an accident with no ins then the claim can be against your ins com and you. (read that somewhere).:shock: 

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MarcusMarsh

Joined:

Aug 09

Posts: 2714

MarcusMarsh says:

Insurance

Not cancelling the insurance is extremely bad advice.  If the policy is not cancelled and the bike involved in an accident, your insurers can be forced to pick up the bill - particularly if there is no other insurance cover on the bike.  . They will then pay out and recover their money from you on the basis that you allowed an unauthorised person to use the bike covered by your policy. 

If you sell a bike on you MUST cancel any insurance coverage that you have for it.     

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bryfor59

Joined:

Feb 09

Posts: 316

bryfor59 says:

Ooooooooooops

That will be me told then!!!!!!!!!!!!!!!!!!

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eatcs01

Joined:

Aug 02

Posts: 3275

eatcs01 says:

Insurance

You do not need to CANCEL the insurance when you sell a bike. BUT, you can get the insurance company to remove your bike reg/details from the policy and keep the policy running.

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jaffa90

Joined:

Mar 09

Posts: 8934

jaffa90 says:

details

That would cost £30 to change details,

anyway were all talking to ourselves.:wacko: 

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MarcusMarsh

Joined:

Aug 09

Posts: 2714

MarcusMarsh says:

Talking to ourselves

Jaffa, don't we get the most sensible answers that way? 

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superbol

Joined:

Aug 02

Posts: 1519

superbol says:

All in all

Insurance firms are C**nts

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philehidiot

Joined:

Feb 09

Posts: 4759

philehidiot says:

They

are indeed and the above regarding accidents with a previous, not lapsed insurance policy is true. You must cancel your policy.


This wondrous bit of legislation is brought to you by the EU.

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