Fees topics

A 13.5% interest charge is included in the price you are quoted to pay by monthly by direct debit (26.9% APR). If you do not sign your credit agreement with Premium Credit, a £25 fee is payable. In the event of a payment default, a fee of £27.50 will be applied.

If you make a change to the Statement of Fact, for example, add a lodger, tell us that renovations are in progress etc, a £30 administration fee will apply. Sometimes changes will result in an amendment to the premium, for example adding cover, change of address. This could mean a refund or an additional premium to pay and will be in addition to any administration fee that applies. Changes to risk can also adjust the terms of the policy i.e. if you are going to leave your home unoccupied, the insurer may want to ask for increased security

If you don’t sign your Premium Credit agreement: Your first payment will still be collected Premium Credit may charge you an additional £25 fee Please sign your credit agreement promptly through the Premium Credit portal to avoid any charges.