Hi dan just received my refund (over a year waiting) for £133.51. My original policy was £248.10 which started on the 15,06,2016 and was cancelled by yourself s on the 29,07,2016. Which means I have paid £114.59 for 76days of cover, talk about getting shafted ,when it's not even my fault
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Hi Curlylee,
Thanks for advising and if you wished to message me your full name / postcode I can take a look at your file. We don't as a rule cancel anyone's policy without justification - for example undisclosed convictions, undisclosed modifications, claims that weren't notified to us and suchlike.
However, if you get in touch I can view and take from there.
DanLast edited by DAN@ADRIAN FLUX; 4 September 2017, 17:17.
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Originally posted by curlylee View PostHi dan just received my refund (over a year waiting) for £133.51. My original policy was £248.10 which started on the 15,06,2016 and was cancelled by yourself s on the 29,07,2016. Which means I have paid £114.59 for 76days of cover, talk about getting shafted ,when it's not even my fault
Hi again Lee,
Apologies, I've just read the notes and your unfortunate case relates to your initial insurer Midas Underwriting unfortunately losing it's 'capacity' to underwrite business.
Effectively this left a number of policyholders' uninsured and we didn't technically cancel your policy - your underwriter had no reserves to pay you or anybody else in the event of an accident. This is of course very rare and we appreciate it's caused you some stress and we totally agree you were not to blame.
By the same token if I could explain our situation - we are the broker / intermediary and upon paying us your premium we transfer the money to the underwriter. Of course with the situation they found themselves in they wouldn't have returned your premium to us which meant we had to find you alternate cover or you would have been uninsured in effect.
Your refund was provided by the Financial Services Compensation Scheme which is set-up to deal with these very rare situations. It's unfortunate it's taken so long but I'm sure there were a whole host of issues surrounding these payments but at least it got sorted to a degree.
If you require any further information don't hesitate to return to me.
Thanks
Dan
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Right then dan spoke. To fscs today and it's down to the information supplied by the broker, so you have conded me out of £114.59 for46 days of cover,please stop fobbing me off, Adrian flux has sent my information to fscs, so who else are you going to blame it on this time, I bet you still got your broker fee out of it and not refunded it back to meLast edited by curlylee; 5 October 2017, 23:32.
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Originally posted by curlylee View PostI missed there call twice, so phoned back both times must have been on hold for 15/20 mins so I gave up
Regards
Dan
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