Home insurance finance agreement

The Direct Debit Guarantee applies to all Direct Debits. It protects you in the rare event that there is an error in the payment of your Direct Debit.

The Guarantee is offered by all banks and building societies that accept instructions to pay Direct Debits.

If there are any changes to the amount, date, or frequency of your Direct Debit the organisation will notify you 5 working days in advance of your account being debited or as otherwise agreed. If you request Premium Credit to collect a payment, confirmation of the amount and date will be given to you at the time of the request.

If an error is made in the payment of your Direct Debit, by Premium Credit or your bank or building society, you are entitled to a full and immediate refund of the amount paid from your bank or building society.

If you receive a refund, which you are not entitled to, you must pay it back when Premium Credit asks you to.

You can cancel a Direct Debit at any time by simply contacting your bank or building society. Written confirmation may be required. Please also notify Premium Credit.

In the future if there is a change to the date, amount, or frequency of your Direct Debit, Premium Credit will always give you 5 working days’ notice in advance of your account being debited. In the event of an error, you are entitled to an immediate refund from your bank or building society.

You have the right to withdraw the credit agreement within the 14 days cooling off period. A copy of the safeguards under the Direct Debit Guarantee will be sent to you with the confirmation letter from Premium Credit.

Policy Expert is registered with the Financial Conduct Authority as a Credit Broker and will arrange credit facilities for payment of your insurance by monthly instalments through an arrangement with the third-party lender Premium Credit subject to your credit status. We need to share your data with Premium Credit and they may carry out credit, affordability and/or anti-money laundering checks on you. If they do, then a record of the search or other information may show on your credit file and might affect your credit rating. Policy Expert receives a commission from Premium Credit for facilitating your credit agreement but you do not get charged for this.

Your personal information and bank details will be passed to Premium Credit to set up this agreement and they will send you a welcome pack by email or post no later than 5 working days before the first collection. This contains important information including the mandatory ‘Standard European Consumer Credit Information' document, a copy of the credit agreement, the Direct Debit guarantee and the terms and conditions. Please read all of the information carefully to ensure it is right for you before signing the credit agreement.

Please note:

If you don’t return the signed credit agreement within 28 days, Premium Credit will charge you £25.

You can withdraw free of charge from this agreement within 14 days from purchase.

If Premium Credit can’t collect a monthly payment they will charge you a default fee of £25. This can affect your credit rating and might lead to the cancellation of your credit agreement. If this happened you would need to pay for your insurance in one payment and Policy Expert reserve the right to cancel the policy.

If you have any questions about the agreement, want to repay the loan or discuss making any changes to the agreement you can do so by contacting Premium Credit Limited on:

0344 736 9836

customer.services@pcl.co.uk

Write: Premium Credit Limited, Ermyn House, Ermyn Way, Leatherhead, KT22 8UX