I’ve just discovered that my motorbike insurance wasn’t a straightforward policy at all, it was set up as a loan. After cancelling it 11 months in, I was hit with a £40 cancellation fee.I would never have chosen financing for a £120 premium; I pay both of my car policies in full each year. In my view, this arrangement feels misleading. I’ll be reading every policy document far more carefully from now on and steering clear of Close Brothers Group wherever possible.
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