Fees And Charges Explained – Net Rated

At Insurance Revolution we want to provide all our customers with complete transparency around the fees and charges we apply. The following charges will apply if you make any adjustments or alterations to your policy:

Fee Type Amount
Mid-Term Adjustment
  • We will apply a fee of £55 plus an 11% commission replacement fee for all changes made on the policy mid-term.
  • This is in addition to any fees that the insurer may charge for adjustments.
  • We do not refund any amount below £10. This will instead be held as credit and will be used against future transactions.
Cancellations Within 14 Days
  • If you cancel within the 14 day cooling off period, we will charge a £55 cancellation fee plus a charge for time on cover.
Cancellations After 14 Days
  • We will charge a £55 cancellation fee plus a charge for time on cover.
  • Any commission replacement fee, arrangement fee, low deposit fee and insurer administration charges will be non-refundable.
Cancellations Following a Claim
  • If you make a claim, and cancel your policy, you will be liable for the full cost of the policy

Please refer to our Terms of Business and your policy documentation for further details, including your right to cancel under the terms of the “cooling-off” period and afterwards as well as details of how refunds of premium are calculated.