Got a shock today when my insurance cancellation was accepted - i have had the policy since 02/03/2007, was cancelled on 30/05/2007 and according to the T/C’s i only get 40% back.
so, i have used less than 3 months (25%) of the policy yet i pay 60% for it.
I was insured with Churchill before I got my GTO. When I went to swap it over to my GTO they added too many clauses for my liking, things like tracking system ect and got out of my policy because of these.
As it was an underwriting problem they gave me a full refund for the amount of time I wasn’t going to be using the policy.
Some insurance brokers/companies love to charge HUGE fees for cancellations and if you’ve made a claim during the policy you will end up with nothing.