i have just had my car insurance cancelled because of my IVA . Is this normal ?

Get expert opinion. This is the place for new questions to be posted.
24 posts Page 1 of 2
 
 

Joseph.m

User avatar
Posts: 7
Joined: Fri Jul 15, 2016 7:47 pm

Post by Joseph.m » Fri Jul 15, 2016 7:47 pm
My IVA was sold to me by Harrington brooks, who told me that it is different to bankruptcy and won't affect anything accept my ability to gain credit.

I took out an insurance policy about 32 days ago but wasn't asked about an IVA. I just had It cancelled because of the IVA and wanted to enquire if this is normal.
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Jul 15, 2016 9:21 pm
No, this isn't normal, but some companies do decline insurance for those in an IVA and some load the premium for some reason. However, most are OK.

Which insurance company were you with ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:

Post by Shining » Fri Jul 15, 2016 9:55 pm
Hi and welcome. As Foggy says, it's not usual, however, can happen.

There are companies out there for those of us within an IVA.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Jul 15, 2016 10:50 pm
Hi and welcome from me as well.

There are companies out there that will accept you and I'm surprised that someone has cancelled your policy.

Which insurance company was it with?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Joseph.m

User avatar
Posts: 7
Joined: Fri Jul 15, 2016 7:47 pm

Post by Joseph.m » Sat Jul 16, 2016 9:32 pm
The broker was Lancaster Insurance. The insurer was Zenith. Throughout the application process, I was not asked on any occasion about CCJ's, Bankruptcy or anything to that effect. After paying the deposit and providing documents they requested, then paying the first months premium, they emailed out of the blue asking me to call them. I was then told that they could no longer insure me as they had done checks (32 days after inception) and was advised this was with immediate affect. To rub salt in the wound, I was then told I owed them almost £200!!
 
 

Lisa Thomas

User avatar
Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Mon Jul 18, 2016 9:36 am
What did the £200 relate to? The initial cover provided or some kind of cancellation fee?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

Joseph.m

User avatar
Posts: 7
Joined: Fri Jul 15, 2016 7:47 pm

Post by Joseph.m » Mon Jul 18, 2016 3:53 pm
£200 was the total amount owed for the number of days on cover with cancellation fees. This is after paying the deposit plus the first month. The policy total price with legal protection and breakdown cover amounted to £330. They wouldn't accept an offer to pay in full. I would think that would rid them of any risk regards payments.
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Mon Jul 18, 2016 3:56 pm
That is really bad of them - I hope you have managed to source something else.

Shouldn't be cancellation fees as they are the ones who did it!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Joseph.m

User avatar
Posts: 7
Joined: Fri Jul 15, 2016 7:47 pm

Post by Joseph.m » Mon Jul 18, 2016 4:28 pm
I argued the fact of the cancellation fees! The next "cheapest" policy is £795!!
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Mon Jul 18, 2016 4:30 pm
Are you using comparison sites ? Some insurers do not quote on them or load the premium -- it is always best to go direct.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Mon Jul 18, 2016 4:38 pm
Agree with Foggy - you should try direct.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Joseph.m

User avatar
Posts: 7
Joined: Fri Jul 15, 2016 7:47 pm

Post by Joseph.m » Mon Jul 18, 2016 4:48 pm
I always check the comparison sites first then ring the top result direct. They always ask for additional info. As I mentioned previously, they asked nothing about CCJ's, bankruptcy or IVA's. They told me they would check my credit file as part of the application and approved it there and then.
 
 

Joseph.m

User avatar
Posts: 7
Joined: Fri Jul 15, 2016 7:47 pm

Post by Joseph.m » Mon Jul 18, 2016 4:50 pm
Can anyone recommend an insurer who does frown upon IVA's? I'm pretty disappointed with the company that set up my IVA as they assured me that nothing like this would happen.
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Mon Jul 18, 2016 4:54 pm
I was insured through Direct Line all through my IVA -- but was with them before the IVA began.

No blame can be placed on your IVA provider -- they cannot be held responsible for a short sighted, discriminatory, internal policy of individual companies.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Michelled0422

User avatar
Posts: 102
Joined: Mon Sep 28, 2015 10:08 am

Post by Michelled0422 » Mon Jul 18, 2016 5:26 pm
I had car insurance with one call for 5.5 years whilst in IVA with no problems
24 posts Page 1 of 2
Return to “Ask IVA Forum and Industry experts”