Igo4 Car Insurance Cancellation Fee Explained

Igo4 is a car insurance provider, offering competitive policies and a range of payment options for customers. But what happens if you want to cancel your policy? What is the Igo4 car insurance cancellation fee?

Igo4 has a range of different products and policies, so the cancellation fee depends on the type of policy you have. In general, it is important to know that cancellation fees can be charged upfront, as part of the policy, or after the policy is cancelled. Igo4 car insurance cancellation fees are set out in the policy documents you receive when you purchase a policy.

Upfront Policy Cancellation Fee

Some policies may have an upfront cancellation fee. This is when you pay a fee in order to cancel your policy. This fee is usually a percentage of the total cost of the policy. It is important to note that this fee is non-refundable and is taken out of the cost of the policy.

The amount of the cancellation fee will depend on the type of policy you have purchased. For example, an Igo4 Comprehensive Car Insurance policy may have an upfront cancellation fee of 10% of the policy cost, while an Igo4 Third Party Fire and Theft policy may have an upfront cancellation fee of 5%.

Post-Cancellation Fee

Some policies may also have a post-cancellation fee. This is a fee that is charged after the policy is cancelled. This fee is usually a fixed amount and is taken out of any refund that is due. This is because the policy has been cancelled before the end of the policy period, so the insurer is not required to pay out the full refund.

The amount of the post-cancellation fee will depend on the type of policy you have purchased. For example, an Igo4 Comprehensive Car Insurance policy may have a post-cancellation fee of £50, while an Igo4 Third Party Fire and Theft policy may have a post-cancellation fee of £35.

Cancellation Process

If you wish to cancel your Igo4 car insurance policy, you can do so by calling their customer service team. They will be able to discuss the cancellation process with you and explain any fees that may be applicable. You will then be able to make an informed decision about whether or not to proceed with the cancellation.

It is important to note that if you cancel your policy before the end of the policy period, you may not be eligible for a full refund. This is because the insurer is not required to pay out the full refund if the policy is cancelled before the end of the policy period. As such, you may be charged a cancellation fee or a post-cancellation fee.

It is important to make sure you understand the terms and conditions of your policy before you make any decisions about cancelling it. Igo4 car insurance cancellation fees may vary, so it is important to check the details of your policy before you proceed with the cancellation.