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Why has my policy been cancelled?
Why has my policy been cancelled?
The Marshmallow Team avatar
Written by The Marshmallow Team
Updated over 5 months ago

We never cancel a policy without reason, but there are circumstances where we may have to stop covering a customer.

Notification:

  • We always notify you in advance by email and text before cancelling your policy.

Cancellation Fees:

  • If we cancel your policy, cancellation fees may apply, up to £130 depending on your individual case.

  • Fees vary based on reasons such as missed payments or providing incorrect information

Non-Reinstatement:

  • Once cancelled, we cannot reinstate your policy.

Monthly Payment Option:

  • If your policy is cancelled by us, future monthly payments will not be charged.

  • If cancellation is due to missed monthly payments, you are still responsible for outstanding payments before cancellation.

  • If a claim or loss has occurred during the current insurance period, you must pay the remaining monthly payments, regardless of the reason for cancellation.

  • We may reduce any claims payment by the amount of outstanding premium payments owed.

Annual Payment Option:

  • If we cancel your policy, we will refund the remaining premium on a pro rata basis after deducting an administration charge.

  • No refund of premium is allowed if there has been a claim or loss during the current insurance period.

For more information or assistance, please contact our customer support team.

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