Insurance cancelling
#1
Insurance cancelling
Wondering how insurance works.
If I'm 2-3month in on a policy thats paid monthly ( and have staff privaleges ) whats the normal situation for being able to cancel?
Also would the next insurer count the 2-3months towards that years ncb?
If I'm 2-3month in on a policy thats paid monthly ( and have staff privaleges ) whats the normal situation for being able to cancel?
Also would the next insurer count the 2-3months towards that years ncb?
#2
I cancelled mine last month with Privileg & got a refund to the nearest day.
2 months & 3 days worth of money was returned.
It said on the schedule that in the first year there was a charge of 1 month (I think), but after that it was pro-rata.
2 months & 3 days worth of money was returned.
It said on the schedule that in the first year there was a charge of 1 month (I think), but after that it was pro-rata.
#3
Scooby Regular
Join Date: Jun 2003
Location: a very nice man :-) with one Fairy Token
Posts: 2,203
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Ch!lledBudwei2er
Wondering how insurance works.
If I'm 2-3month in on a policy thats paid monthly ( and have staff privaleges ) whats the normal situation for being able to cancel?
Also would the next insurer count the 2-3months towards that years ncb?
If I'm 2-3month in on a policy thats paid monthly ( and have staff privaleges ) whats the normal situation for being able to cancel?
Also would the next insurer count the 2-3months towards that years ncb?
As for NCB, only whole years are usually counted. If you've found a cheaper policy and that's the reason for cancelling you need to weigh up what you wont get back versus the saving. NCB you can ignore (and if you already have some real NCB, that is transferable (99% of cases))
HTH
Thread
Thread Starter
Forum
Replies
Last Post