Insurance issue.

[R1stu]

Hi guys, not sure if you can help.

My son passed his cbt last week and we helped pay for his scooter (which was a fun ride home for me lol) any his mum paid the deposit for the insurance and he was planning on paying the 8 payments of £35.

Well today I get an email to say they are cancelling the insurance as they cannot get a credit agreement? And that the will be charging him cancellation charges and fees as per the agreement.

Can they do This? Surly if they can't get the agreement, they can't charge the fees as there is no binding contract? The basicly want full payment, which we cannot afford as its over £350 which is why we asked for instalments.
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Carbon closet tart! https://www.bikepics.com/members/r6stuk/02r6/
Stolen bike. 2000 R1: https://www.bikepics.com/members/r6stuk/00r1/
Current bike 1991 Honda ST1100 Pan European, 1986 Honda cb350sg (Finished)

[stinkwheel]

How old is he?
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“Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.

[SuperMike]

I would hope not. Surely if they are to provide a service to you and then don't then you should have grounds to get a full refund? Sure nothing extra going on here? As for affording it, maybe get one of those interest free on all purchases for a year type credit cards if you can and put it on that? He then makes his 35 quid a month payment to that.

[Pjay]

Tell them that you are not cancelling the insurance and that you are willing to pay the installments as agreed.

If they choose to cancel it for their own reasons, then a cancellation fee is not due.

[R1stu]

He is 19, this is his first time insurance. Unfortunately he dose not have a credit card, but he works full time.
____________________
Carbon closet tart! https://www.bikepics.com/members/r6stuk/02r6/
Stolen bike. 2000 R1: https://www.bikepics.com/members/r6stuk/00r1/
Current bike 1991 Honda ST1100 Pan European, 1986 Honda cb350sg (Finished)

[lihp]

[lihp]

Other thing to worry about is "have you ever had your policy cancelled"?
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covent.gardens: lihp is my most favourite member ever

[P.]

I'd have thought it was state 'subject to credit agreement' somewhere. Which would mean no insurance to cancel if no credit agreement in place.

[rubyhorse2]

got to agree i dont think they can charge YOU if they are cancelling it.

Why not just pay the installments yourself and ask him for the money, problem solved.

most likely your son has no credit history..ergo computer says no.

[Rogerborg]

This is probably a better question for Money Saving Expert or similar.
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Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[Pjay]

Isn't there a time limit where any contract you agree to can be cancelled without penalty?

[stinkwheel]