Help with insurance?..

[Tom1528]

Right, I'm with MCE paying £420 3rd party fire and theft on my ZXR400. I'm buying a ZX6R and MCE are quoting £2000+ for 3rd party only. . I'm only 4 months through my £420 on the policy for my ZXR.. can I claim back what I have effectively 'not used'. I'm guessing there will be a cencellation charge?..

I've been quoted just under £800 for 3rd party only on the 6R by other insurers so if I can get as much of my £420 back from MCE it would really help. Unfortunatly MCE's phone lines aren't open at 11pm so i'm hoping their's someone on here that can give me an answer before tomorow!

[arry]

Read the T&C's in your policy wording. Basically, it depends on whether you're subject to short period cancellation rates - if that's the case, then 4 months in could = 75% of the premium for example.

However, under FSA ICOB rules you should be able to argue that short period cancellation rates are unreasonable, given the circumstances, and therefore they should just charge you a reasonable adiminstration fee for cancellation and give you the balance of a pro-rata refund

However, this is MCE we're talking about, so err, yeah, best of luck