What you will have to pay for services we have arranged on your behalf…
If you pay your premium by monthly instalments, the following charges may be applied by Close Brothers Limited during the life of your policy:
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Fee if you miss any monthly payment |
£25.00 for any failed monthly instalment subsequently collected by the credit provider. |
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Credit agreement cancellation charge |
£15.00 if your credit agreement is cancelled as a result of you not adhering to the terms of the credit agreement. |
Information on fees your insurer will charge…
In addition to your premium, the following charges may be applied by UKI during the life of your policy. All fees are collected by us on behalf of UKI and include Insurance Premium Tax (IPT) at the current rate, where applicable.
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Changes to your policy |
In addition to any premium adjustment, if you make changes to your policy UKI may charge the following administration fees: • Changes completed online – £0.00 • Changes completed over the telephone – £25.00 |
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Removal of optional extra cover mid-term |
If your optional extra cover is removed from your Darwin policy for any reason, and your Darwin policy is not cancelled at the same time UKI may charge the following administration fees: • Removal of optional extra cover within 14 days - £0.00 • Removal of optional extra cover after 14 days - £25.00 In addition to the administration fee you will also be charged for the number of days for which optional extra cover has been given |
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Cancellation of your policy |
Your policy is a contract for 12 months. If your insurance is cancelled for any reason UKI may charge the following administration fees: • Cancellation within 14 days of policy commencement – £25.00 • Cancellation after 14 days of policy commencement – £50.00 In addition to the administration fee you will also be charged for the number of days for which cover has been given. |
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Debt collection |
If your policy is cancelled and you owe any monies relating to either premium, interest charges or administration fees, a debt collection agency may be appointed to recover this debt. |