|
Annual
Policies
Motor policies in the UK are traditionally offered on an annual basis, providing
cover for a 12-month period. The premium may be paid in one of 2 ways:
Lump
Sum
The annual premium is paid in full at the inception of the policy.
Installments
The client may spread the cost of the policy premium over 11 months. The
first payment is 20% of the annual premium, followed by 10 monthly installments.
Renewing
Policies
Annual policies that are renewed at Dial Direct for another
12 months have similar 2 payment options.
Lump
Sum
The annual premium is paid in full at renewal of the policy.
Installments
The policy will always renew based on a 12 month installment
plan, without an initial 20% installment.
All clients, must pay their premiums by
direct debit from a bank account, or by deductions from either
a credit card or debit card. Dial Direct has no facility to handle
cash or cheque payments. The account holder from whose account
the premiums are paid, does not have to be the client or indeed
anyone named as a driver on the insurance policy.
|
