You have confirmed that you have received my payment but you have not given any legal advice.
Please respond to my query.
My 50 years old Morris Minor failed the MOT and is now off the road so I no longer require the car insurance. I cancelled the policy after just 30 days but Lancaster say I am unlikely to get a refund due to cancellation fee, legal charges and admin costs.
Hi thanks for your question. I see you have re-listed it as you're not happy with the answer given so far. As such I will answer it for you.
You will need to check through the terms and conditions of the policy that you already have from your insurer. You need to see what it says about cancellation etc. and what sums they insurer claims to be entitled to.
You could be right in that this might be an unfair agreement if it charges extortionate amounts which do more than fairly compensate the insurer. In this case, there should be an internal complaints process that you can undertake with the insurer and it's always worth doing this if you don't get back the sums you believe you're entitled to.
After that, if you don't get back what you think is fair, you have the right to refer the matter to the Financial Ombudsman service. They can force an insurer to refund more money to you if they think it just and fair in the circumstances. You can make a complaint (which is free to do) online at http://www.financial-ombudsman.org.uk/
Does this help?