TenerifeTeddy
17-10-2011, 13:12
Our life insurance policies for our mortgage are due for renewal in November.
I have just received a much better quote which is 400 less than we are currently paying for the same cover from a different company. When I spoke with my bank they said that I must give 2 months notice of cancellation or I can be taken to court if I donīt pay the premium:mad:
Has anyone heard of anyone actually being taken to court for non payment of an insurance policy. I have heard of some outrageous things out here, but this takes the biscuit for me:(
I wonder that they are allowed to get away with it under European competition laws. I have still not received my renewal notification, so there is no way they give you time to get a competitive quote. Also how can they get away with threatening court action for cancelling a policy, itīs crazy.
I have just received a much better quote which is 400 less than we are currently paying for the same cover from a different company. When I spoke with my bank they said that I must give 2 months notice of cancellation or I can be taken to court if I donīt pay the premium:mad:
Has anyone heard of anyone actually being taken to court for non payment of an insurance policy. I have heard of some outrageous things out here, but this takes the biscuit for me:(
I wonder that they are allowed to get away with it under European competition laws. I have still not received my renewal notification, so there is no way they give you time to get a competitive quote. Also how can they get away with threatening court action for cancelling a policy, itīs crazy.