Hi,
Finding it hard to get an answer on the following.
I received a car insurance renewal letter from FBD. Was a lot dearer than before so I got another quote from another company and went with that as it was better.
The disk for FDB has arrived at this point and after a phone call FDB said that they cannot cancel until they get back the disk and certs etc. So they were returned. They had also taken a direct debit which they said would be returned except for 2/3 days cover which is fine. Basically I did not cancel in time for the automatic renewal date.
So the forms were returned within 3/4 days of the policy start date. However FDB took more money via direct debit and then cancelled the policy. They claim that there is a 20% cancellation charge on the yearly cost and that is why they took the remaining money.
So the question is. What are your rights under Irish law for automatically renewing policies. In particular for motor insurance?
Do you have to cancel within the month prior when you get the renewal notice or can you cancel within 14 days of the policy renewal date as is the minimum standard cooling off period for new policies.
I appreciate that this is not a new policy but if you are entering into a new contract for the year where the premium is different and you are required to make any new disclosures etc which make effect the policy, then does a new cooling off period apply?
Thanks in advance.
JanusG.
Finding it hard to get an answer on the following.
I received a car insurance renewal letter from FBD. Was a lot dearer than before so I got another quote from another company and went with that as it was better.
The disk for FDB has arrived at this point and after a phone call FDB said that they cannot cancel until they get back the disk and certs etc. So they were returned. They had also taken a direct debit which they said would be returned except for 2/3 days cover which is fine. Basically I did not cancel in time for the automatic renewal date.
So the forms were returned within 3/4 days of the policy start date. However FDB took more money via direct debit and then cancelled the policy. They claim that there is a 20% cancellation charge on the yearly cost and that is why they took the remaining money.
So the question is. What are your rights under Irish law for automatically renewing policies. In particular for motor insurance?
Do you have to cancel within the month prior when you get the renewal notice or can you cancel within 14 days of the policy renewal date as is the minimum standard cooling off period for new policies.
I appreciate that this is not a new policy but if you are entering into a new contract for the year where the premium is different and you are required to make any new disclosures etc which make effect the policy, then does a new cooling off period apply?
Thanks in advance.
JanusG.
Last edited: