HIC renewal question

[daniel-1986]

i got an email from HIC sayin my insurance will be renewed automatially on new yrs eve but not sure if they will be taking all of this out on the same day

£50 renewal admin fee
£97.71 charge of credit

plus the montly installment of £79.56

to me taking just under £230 at once seems a little excessive

[HIC]

Hi Daniel,

All the fee's are included within your monthly payments so you will only be debited the normal monthly payment of £79.56. The instalments will be collected via your direct debit agreement with Premium Credit Limited using the account details last supplied to them. The first of which is due on the renewal date, however, the first instalment may not be taken until up to 7 days after the renewal date.

Cheers

HIC

[daniel-1986]

thanks alot, just the way i read the email as £230 being taken out

[HIC]

no problem, let us know if you need any further info