Member Since: 11 May 2006
Location: Off again! :-)
Posts: 73131
Cancelling WD, a word to the wise .....
...... if you’ve made a claim in that year you get no refund back.
I’ve just cancelled my 3 year WD policy, which had about 11 months to run, and will be getting a nice healthy refund back, £471. Basically pro-rata on a daily basis, less £50 admin fee, all of which I knew about and was happy with.
However, if I’d had any claim, however tiny, in this final policy year I’d have received nothing back. Nought, naught, zip, nah-dah, soddicus-allicus. So if you are thinking you’ll be selling up, it’s in for something or other and the service dude says “it just needs this widget changed, it’s ok, sir, WD covers it”, be aware of the implications. A £50 minor claim could easily cost you £500 if you then want to cancel a bit further down the line.
Getting £471 from WD, £450 from VED refund and about £125 from the ins co, Chrimbo has come early.
30th Oct 2018 8:35 am
Gazellio
Member Since: 08 Jan 2011
Location: Chilterns
Posts: 4130
Good advice
30th Oct 2018 8:45 am
professorpool
Member Since: 19 Mar 2012
Location: Woking
Posts: 3213
No refund following a claim applies to nearly every insurance policy to be fair. Not just warranty insurance.D3 07 SE - still going strong
D3 07 HSE - gone to car heaven
FL1 - gone to Romania
D3 05 HSE - gone to a divorce diet
D1 V8 manual - gone but not forgotten
RR Classic - gone to car heaven
Jeeps, Lexus, X-trails... Too many to name..
30th Oct 2018 9:00 am
M3DPO
Member Since: 22 Sep 2010
Location: Notts.
Posts: 8244
Some insurance companies cancel the policy after a claim has been paid depending on the amount claimed this makes it extremely difficult to insure with a different company.It can when others can't,
It will when others won't,
It goes where others don't.
30th Oct 2018 9:55 am
professorpool
Member Since: 19 Mar 2012
Location: Woking
Posts: 3213
Shouldn't do. Th epolicy has not been "cancelled" it has been fulfilled.
If you insure something against a total loss, for example, you insure your car against theft from 1st January for a year and it is stolen on the 1st May and you are paid out then the contract is at an end. The insured event has taken place.D3 07 SE - still going strong
D3 07 HSE - gone to car heaven
FL1 - gone to Romania
D3 05 HSE - gone to a divorce diet
D1 V8 manual - gone but not forgotten
RR Classic - gone to car heaven
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
this makes it extremely difficult to insure with a different company.
