Extended Warranty
Posted: Tue Mar 26, 2019 11:35 am
Took out the extended warranty on my last bike in September last year. Paid up front because I presumed I'd be keeping it.
I thought you could only cancel if you paid in instalments so when I traded in last week expected to lose half the policy. However, flicked through the terms and conditions booklet and found in the small print that you can cancel and get a refund pro rata.
Quick call to BMW and refund of 170 quid (after £25 admin fee). Happy days.
On reflection, I suppose it's like any other insurance policy, you have a right to cancel and request a refund. They were clear to point out that any claims would have meant no refund.
Thought it might be mentioning in case anybody else is in the same position.
I thought you could only cancel if you paid in instalments so when I traded in last week expected to lose half the policy. However, flicked through the terms and conditions booklet and found in the small print that you can cancel and get a refund pro rata.
Quick call to BMW and refund of 170 quid (after £25 admin fee). Happy days.
On reflection, I suppose it's like any other insurance policy, you have a right to cancel and request a refund. They were clear to point out that any claims would have meant no refund.
Thought it might be mentioning in case anybody else is in the same position.
