Opening Hours: Monday to Friday 8am to 8pm; Saturday 9am to 5pm. 0845 602 6925
Fees and Charges - effective for all new policies and renewing policies with a cover start date on or after 1st July 2010
|
Type of Transaction
|
Charge | Notes |
|
New policy inception and renewal
|
£55 | |
|
Changes to existing policies
|
£55 | This charge is in addition to the charges stated above and any additional premiums due to the change in risk |
|
Cancellation
|
£55
|
|
| Commission retention | Varies | If a policy is cancelled after the 14th day, we will retain the commission earned from the sale of the policy. The amount is dependent on the annual premium and the insurer. |
|
Duplicate documents
|
£20
|
If a duplicate certificate is requested at the same time as a request for a cover note then only one £20 charge will be made. |
|
Box Related Charges
|
Charge
|
These charges are in addition to the standard admin fees mentioned above |
|
Annual monitoring, installation and decommission cost - Year One
|
£249 - non refundable.
|
|
|
Annual monitoring, installation and decommission cost -Renewal (i.e. Year Two, Year Three)
|
£99 - non refundable.
|
|
|
Box removal charge
|
£Nil if at renewal.
|
£99 if cancelled within 14 days of inception / renewal. £55 if cancelled mid-term (i.e after 14 days) and the i-kube box needs to be removed. £20 if cancelled mid-term (i.e. after 14 days) and the i-kube box is simply decomissioned. |
|
Box transfer cost
|
£100
|
£100 if vehicles are not at the same location. If the vehicles are at the same location then a discount of £10 applies i.e. a charge of £90. |
| Failure to attend engineers appointment | £60 | Per missed appointment |
|
Red Hour Breach
|
£60 per night
|
Which includes an admistration charge of £10 |
| Other Charges | ||
|
Legal
|
£24
|
|
| Payment Charges | ||
|
Returned Cheque
|
£20
|
|
|
Reinstatment of Direct Debit
|
£20
|
|
|
Missed Payment
|
£20
|
|
|
Credit card fee
|
2.5%
|
|
| Short term credit charges | ||
| Payment by 3 instalments - if balance under £750 |
£25 per instalment.
|
|
|
Payment by 3 instalments - if balance £750 or over
|
£50 per instalment.
|
|
|
Missed payments
|
£20 per instalment.
|
All charges and fees include IPT and VAT where applicable.