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spring3r
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PostPosted: 15:55 - 02 Oct 2009    Post subject: www.beware-bennetts-insurance-cancellation-policy.co.uk Reply with quote

https://www.beware-bennetts-insurance-cancellation-policy.co.uk
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FerretFing
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PostPosted: 16:21 - 02 Oct 2009    Post subject: Reply with quote

Swinton recently tried to bum me too Shocked - was only 2 months into a fully paid up policy for a year - they wanted £50 cancellation fee which would`ve ended up costing me overall!(the amount for the year was £68 to start with - yes I`m old Embarassed ). I told them to sod off basically & I was paying nothing! I said let the policy lapse as we won`t be making a claim etc - the bike had been sold on. Cheeky fuckers! Evil or Very Mad
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Gordy85
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PostPosted: 16:32 - 02 Oct 2009    Post subject: Reply with quote

That's not good, my old insurance is with Bennetts and I have to cancel it soon :/
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Ste
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PostPosted: 16:32 - 02 Oct 2009    Post subject: Reply with quote

Cancellation charges apply with lots of insurance companies, it's nothing unique to Bennetts.
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bunglehaze
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PostPosted: 17:08 - 02 Oct 2009    Post subject: Reply with quote

Yeah but bennetts are particularly bad. I had a bike for 2 months which I upgraded because the gearbox went, they could not offer me anywhere close to my best premium on the new bike so I cancelled. Out of the £400 I got £60 back, the rest 'apparently' were admin fees and the like.

Robbing Tw@ts!

leigh Smile
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BenR
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PostPosted: 18:01 - 02 Oct 2009    Post subject: Reply with quote

bunglehaze wrote:
Yeah but bennetts are particularly bad. I had a bike for 2 months which I upgraded because the gearbox went, they could not offer me anywhere close to my best premium on the new bike so I cancelled. Out of the £400 I got £60 back, the rest 'apparently' were admin fees and the like.

Robbing Tw@ts!

leigh Smile



I had exactly the same on my old RG125fun. The whole policy was £168, cancelled after 21days got a cheque for £60 not happy. Thumbs Down
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theopj
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PostPosted: 18:10 - 02 Oct 2009    Post subject: Reply with quote

I think they all do it - or try to. I was with Bennetts during my 1st year and they wanted stupid money to alter or cancel my policy when I bought another bike with 7 weeks till it was due to finish, so I vowed never to use them again after seeing a few bad things elsewhere.

I took out an MCE policy last friday, but when I got the documents through by email it didn't cover any of the extra's I had specified and agreed the price on. Rang up on Saturday and then Monday to try and resolve it and they basically accused me of accepting a standard policy and I would have to pay £10 to listen to the recording proving it - funnily enough they didn't have any recording of the actual quotes! So I told them I wanted to cancel it before it due to go live the next day. They agreed to this but I'd still have to pay £30 admin fee (and another £20ish from the actual insurer but they took that off quite quickly once I moaned that it hadn't even started yet). I got the details of who to complain to I made a complaint and detailed out the phone calls I'd had with the sales agent, and today I had an email saying "we can confirm that following an investigation we have agreed on this occasion to give a full refund of monies." So hopefully that's a bit of a result (hasn't come back onto my credit card yet), and while I probably won't be rushing to use them again I still don't think their as bad as Bennetts seem to be.

On another note - Dial Direct are part of the same group as Bennetts as well, just something to bear in mind.
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bazza
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PostPosted: 18:12 - 02 Oct 2009    Post subject: Reply with quote

Could this be the same Bennetts insewerance company that cancel your insurance, not inform you and then nine months later try to renew it and take money from your account without telling you? That Bennetts?
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iooi
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PostPosted: 18:15 - 02 Oct 2009    Post subject: Reply with quote

Oddfella wrote:
I took out an MCE policy last friday, but when I got the documents through by email it didn't cover any of the extra's I had specified and agreed the price on. Rang up on Saturday and then Monday to try and resolve it and they basically accused me of accepting a standard policy and I would have to pay £10 to listen to the recording proving it - funnily enough they didn't have any recording of the actual quotes! So I told them I wanted to cancel it before it due to go live the next day. They agreed to this but I'd still have to pay £30 admin fee (and another £20ish from the actual insurer but they took that off quite quickly once I moaned that it hadn't even started yet). I got the details of who to complain to I made a complaint and detailed out the phone calls I'd had with the sales agent, and today I had an email saying "we can confirm that following an investigation we have agreed on this occasion to give a full refund of monies." So hopefully that's a bit of a result (hasn't come back onto my credit card yet),.


Under the distance selling regs, if the policy has not started and its under 14 days since you took up the offer...
They cannot legally charge any admin fee's.
Its only if its over 14 days and you have actually used the policy where they can.

£10, must be using the DPA act to charge that one. You could also ask for everything else they hold on you as well for that Wink
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theopj
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PostPosted: 18:26 - 02 Oct 2009    Post subject: Reply with quote

This is what is in their documents....and they said the same on the phone when I was taking the policy out. I'm pretty sure if you don't challenge it and have a case they would be keeping the £30!

Cancellation
Once you have entered into this insurance contract with us, you are entitled to 14 days to decide whether you wish to proceed known as a "Cooling off Period", and this
commences from either; the day of conclusion of the contract or the day on which you receive the full terms of the contract, detailing the full contractual terms, conditions and
other information to the contract, whichever is later. A pro rata charge will be made for this period of cover by your insurer (unless otherwise specified in policy book) and
MCE will also make a £30 charge to cover the administration costs of setting up and cancelling the policy. The certificate of insurance must be returned. Exclusions do
apply please contact 0870 420 75 09 for further details.
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arry
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PostPosted: 18:39 - 02 Oct 2009    Post subject: Reply with quote

bunglehaze wrote:
Yeah but bennetts are particularly bad. I had a bike for 2 months which I upgraded because the gearbox went, they could not offer me anywhere close to my best premium on the new bike so I cancelled. Out of the £400 I got £60 back, the rest 'apparently' were admin fees and the like.

Robbing Tw@ts!

leigh Smile


Did you take your complaint anywhere? Under FSA rules cancellation and administration charges have to be reasonable, that wasn't reasonable. You would have got pretty much all of it back bar what you'd used pro rata
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ms51ves3
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PostPosted: 21:21 - 02 Oct 2009    Post subject: Reply with quote

bazza wrote:
Could this be the same Bennetts insewerance company that cancel your insurance, not inform you and then nine months later try to renew it and take money from your account without telling you? That Bennetts?


You agree to it when you take the policy out. It'll be in the small print. I'm not saying it's right though.

I insured my Raleigh Runabout with Bennetts, 3 weeks later I sold it, cancelled the policy and got a full refund Mr. Green
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Kwaks
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PostPosted: 09:22 - 03 Oct 2009    Post subject: Reply with quote

Confused If Bennetts are so bad at charging admin fees when you cancel a policy then why would YOU cancel it?

If Bennets cancelled it, for instance if they discovered you no longer had an insurable interest in the bike (ie sold it) then surely no fee will apply?

They cannot offer insurance on the terms above, therefore surely they need to terminate the policy? However cancellation fees will not apply as you have not actually asked them to cancel
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arry
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PostPosted: 11:55 - 03 Oct 2009    Post subject: Reply with quote

kwaker6r wrote:
Confused If Bennetts are so bad at charging admin fees when you cancel a policy then why would YOU cancel it?

If Bennets cancelled it, for instance if they discovered you no longer had an insurable interest in the bike (ie sold it) then surely no fee will apply?

They cannot offer insurance on the terms above, therefore surely they need to terminate the policy? However cancellation fees will not apply as you have not actually asked them to cancel


It's not a cancellation charge, it's an admin fee for cancellation. Since they'll have to cancel the policy by contract because the policy states that when insurable interest ceases so does the policy, they'll have to carry out the transaction, for which you will of course be charged.

It's not unreasonable to charge a cancellation fee - it's unreasonable to set it at an amount that's unreasonable. The problem with bike insurance is it's peanuts - so you'll REALLY notice even 30 quid going out of a total premium of 80. If it were a car policy for 600 quid, you'd not bat an eyelid most likely.
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The Shaggy D.A.
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PostPosted: 12:02 - 03 Oct 2009    Post subject: Reply with quote

Given the amount of actual admin time taken to cancel a policy, I'd bat an eyelid at anything over a fiver. The muppets answering the phone and putting the tick in the box are probably paid what, maybe £7 an hour tops? For 5 minutes actual work, that's about 58p. Add a sheet of A4, envelope, a stamp and the time to print and mail, you've maybe got a whole quid's worth of time and materials.
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arry
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PostPosted: 12:07 - 03 Oct 2009    Post subject: Reply with quote

The Shaggy D.A. wrote:
Given the amount of actual admin time taken to cancel a policy, I'd bat an eyelid at anything over a fiver. The muppets answering the phone and putting the tick in the box are probably paid what, maybe £7 an hour tops? For 5 minutes actual work, that's about 58p. Add a sheet of A4, envelope, a stamp and the time to print and mail, you've maybe got a whole quid's worth of time and materials.


Mmm, well they to have a building to trade from, a telephony system to take calls on, a desk to sit on, a PC to work from, a canteen to eat in, a coffee machine to drink from and an awful lot besides - there's a lot of overheads in any business, insurance broking is no different.

See, previously, before the advent of policy charges at the new business stage (which are sometimes 20 to 30 quid in themselves) I could reasonably understand a broker wanting to at least capture the whole commission for the policy if it were cancelled - when cancelled, the broker has to give back his commission on the unexpired portion of the policy - and obviously 95% of the work for an insurance broker is at new business stage, that's where their costs are, so if you cancel mid term you're actually taking money back off them for a service they've already provided.

However, nowadays with policy set up charges, I don't see it as being valid, TBH, and would agree with you.
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The Shaggy D.A.
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PostPosted: 12:17 - 03 Oct 2009    Post subject: Reply with quote

Any so called "losses" they might incur with a cancellation is already reflected in the amount that is refunded. To charge an extra "admin fee" to carry out a 5 minute (if done slowly) task is just further rape.

[edit] Bennetts is a trading name of BISL Ltd, part of the BGL Group, which consists of 6 companies. Overall, they reported a profit of £43 million, with a growth of 43% in 2007/2008. The Bennetts brand had a 56% increase in profit.

I don't think finding money for their canteen and coffees is a problem.
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