Insurance companies are c*nts. I took out a car policy. 6 days later I cancelled it, because the car blew up. I had paid £50 deposit. So for 6 days insurance (which normally has a “cooling off” period anyway), how much refund do you think I’d get? £40 quid? £30 quid? £20 quid?
Nope. £4. Yes, FOUR POUNDS.
OK, so they need to charge me a £12 admin fee, which I can just about make my peace with. Then they tell me they’ll do an 85% refund. This sounds reasonable. Depending on whether you deduct the £12 before or after the refund, I’m expecting £32-£36.
SO how the hell am I only getting £4? Because these arsebandits are calculating the refund on the full value of the policy. So the value of the policy was £220. So they’re deducting £34 odd quid from my remaining £38. £34 for 6 days car insurance (when the car never even left the driveway ‘cos it was nobbered).
That equates to £5.60 a day, instead of the 60p a day it should have been costing.
Let me say it again. C*NTS.