I am extremely dissatisfied with the way my account has been managed. I was initially informed that the cancellation fee would be £40 if cancelled within 14 days. However, after cancelling, I was charged significantly more than this without clear explanation. In total, £365 has been taken from me and not refunded. Additionally, a further £290 was deducted 8 days after I had already cancelled my policy, which I do not understand or agree with. I believe these charges are unfair and misleading, and I request a full breakdown of all fees applied, along with an immediate review and refund of any incorrect charges. .
Response : Dear Mr Soran Omar Hama Amin, Thank you for taking the time to post your review. XYZ Insurance Services LTD values all feedback, whether positive or negative, as it allows us to continually review and improve the service we provide. However, we must clarify that your review contains information that does not accurately reflect the circumstances of the policy. For transparency and to assist other readers, it is important that we outline the factual position. Reviewing your record, and our recorded calls, we can confirm that you were at no time advised that cancellation would be subject to a £40.
00 fee and no other charges. Prior to the purchase of your policy, you completed a scripted; recorded, Compliance Call. On this call you were provided with all relevant fees/charges in the event of mid term cancellation. This information was further provided to you in our Welcome Pack and can be viewed on our website at any time. You were correctly informed that cancellation at any time would incur a £45.00 Cancellation Fee from XYZ Insurance and that you would also be charged fees by the Insurance Provider; further to this you were advised of any set-up fees which are non-refundable in the event of cancellation. As a commercial client, you are not entitled to a 14-day period in which you do not incur fees/charges, however XYZ Insurance Services LTD do not apply any charges for commission in this time. We can therefore confirm that no commission charges have been made; you have been charged per the Terms of Business agreed upon by you prior to purchase. Your review has requested that we provide protected information on a public platform, unfortunately under GDPR Regulations we are unable to do. Whilst we are able to confirm that no charges have been made incorrectly, we are unable to divulge your personal finances on Free Index. Therefore, please contact our office with any further requests of information you may have – our Agents will be able to clear relevant Data Protection Checks and provide the information requested. We respectfully disagree that you have been treated unfairly or mislead, all charges made had been agreed to prior to purchase and are in accordance with our regulatory body the Financial Conduct Authority. We therefore disagree with the suggestion that you have been provided with poor service by XYZ Insurance Services LTD.Should you wish to discuss this matter further, please contact our Customer Services Team. Kind Regards,XYZ Insura.Moreexpand_more