Financial & Legal

'Sufficient reason'

infrance06 writes in Financial & Legal

I have some insurance that I want to cancel. This is because I have less work coming in and I cannot afford to pay them. They are things like personal accident, legal cover and health top up. My bank has said that no work or money is not sufficient reason for cancelation and that they can only be stopped on the due date which is some cases is next June. I would really like to know what is sufficient reason if 'not able to pay' is not good enough. What are you suppose to do!

Posted on: 03/12/2011 at 12:46

close your account and move it to another bank

Posted on: 03/12/2011 at 14:14

Is that my only option... apart from pay until the renewal date! Anyone had experience of this istuation that may be able to help?

Posted on: 05/12/2011 at 08:47

if you inform your bank that you are "moving abroad" you can cancel with immediate effects, however if you change your mind the week after and not move, well what is cancelled is cancelled if you get my drift......

Posted on: 05/12/2011 at 08:54

Hello,

I'm afraid this is how it is here. I just cancelled a school insurance for my son who left school 3 years ago! They sent me a charming letter saying they had received my letter of resiliation and would stop my contract - August 2012!!! So angry that I have to pay for nearly a year and think that I'm not even covered now.

Just be careful, very difficult to stop anything in France.

Posted on: 05/12/2011 at 11:46

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