We took out a policy on Monday of this week, but a better deal came along today which we have now taken out!
We want to cancel the first policy (car break down insurance) and get our money back.
The T&C of the company state "You can cancel this policy within 14 days of inception/submission provided that no claims have been made, and a full refund (less an administration fee) will be made."
My question is this - am I entitled to a full refund or just this partial refund? And my other question then is this, what is a reasonable admin charge?
I have looked at the Distance Selling Regs but goodness me, it is not for the faint hearted so I am hoping somone has some experience and can point out my rights / clauses appropriate. Thanks for taking the time to read this too!