What Is A Credit Agreement Home Insurance

Please contact our customer service team so that your loan agreement can be taken back and all missed payments are paid so that the account is up to date. You will receive an email with a copy of your loan agreement and additional details about your payment plan for the rest of the year. You will need to register and sign your loan agreement if your withdrawals are managed by HomeProtect, you can do so here: esig.homeprotect.co.uk/registration If you do not sign and return your agreement, you may not receive funding from Close Brothers Premium Finance and you may need to find another way to pay for your insurance policy. We may terminate the loan agreement in writing with seven days` notice if you: If a policy is purchased in this way, Premium Credit will contact you as you will need to agree to their terms in order to set up your loan agreement. You will need to return the signed agreement, or you will be charged £10 if they have to write to remind you. This will appear as pc /homeprotect on your bank statement. One of our team members will be able to pick up the debit or credit card payment over the phone, or they will be able to arrange a Premium credit to collect unpaid payments. Please note that if Premium Credit collects payments from you, a fee may be charged. You may terminate this Credit Agreement at any time by notifying us in writing. At the same time, you must also inform us if you request the termination of insurance coverage.

Upon receipt of your instructions, we will charge the amount due minus any discount. Your request will be forwarded to Premium Credit, which will perform a credit check. If your insurance is terminated, this loan agreement ends automatically. Following a cancellation, any unpaid credit minus any applicable discount will be due without undue delay and, in any case, within 30 days. Iv. provide false information under this credit agreement; or I understand it to be a 12-month contract payable in advance. So, as Will says, that`s why monthly payments are structured the way they are. If you read the contract, you will see (as John did) that in the event of a total loss (whether due to theft or damage), the contract ends, but no refund is payable.

In (most) other termination situations, a pro-rated refund is payable for the unused term of the policy. I got one when my license was revoked for medical reasons, but then I found that only one person`s insurance presented a higher risk (and therefore more expensive) than me and my spouse. .