Insurance Tip

[Brian_B]

I’ve received my policy renewal from GJW and the premium includes £20.00 itemised as a ‘Policy Fee’.
When queried I’m told this is for handling the paperwork, sending out the renewal notice etc.

It appears that I have to give them a £20 tip for doing their job!

Has anyone else come across this strange additional payment?

 

[Poignard]

I've had it tried on for some car insurance in the past, by the broker not the insurance company. I said "I don't want to pay that" and the broker just renewed the policy without charging the fee.

If I were you I'd offer to renew the policy but without paying the £20 and see what they say. If they won't budge, shop around.

 

[Plan_B]

You do need to shop around or you may well find that the prices creep up each year. Notwhithstanding that I've only had this vessel 3 years, I have had others before that. I shop around every year and usually end up paying less than the previous year. This does mean half a dozen phone calls or emails but it has knocked £30-£50 off the annual. The successful insurers are always 1 of the same three I always use and seem to have my history on record.

The "Policy Fee" would be the first to go if your custom is valued.

I've never claimed either - that might make a difference.

DD

 

[Pete7]

You could always charge them £20 for prompt payment by yourself /forums/images/graemlins/grin.gif