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“Early cancelation”

Written on: 13/04/2015 by Kevinb13 (1 review written)

This is a warning to anyone wanting a short term insurance policy.
I informed Bluefin that I only needed temporary cover while my house was being sold.
In the end, I only needed three months cover for building only.
The following figures are approximate:

Insurance £175
Fee for setting up insurance: £27

Three months insurance:£65
Few for not signing credit agreement: £10 (between the two companies, they set up a credit agreement without my approval)
Cancellation fee £50
Claiming lost commission £43
Difference in refund from insurance £14

Total for three months insurance: £185

Their response: we didn't know how much commission we were making and couldn't confirm the penalties for terminating early.

Next step - financial ombudsman

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