How is a refund calculated if I cancel my telematics policy within the first 50 days?
If your policy cancels due to you having exceeded your mileage allowance, or if you have made a claim, or a claim has been made against you, you will not be entitled to a refund.
If your policy is cancelled for any other reason and is cancelled within the first 50 days, your refund will be calculated based on the remaining days on your policy. You will also be charged a total of £109.00 – a £75 Cancellation Fee and £34 device fee (for further information on fees please check your terms of business agreement). If you pay by monthly instalments, your refund will be used to reduce the amount owed on your finance agreement.