We operate using a Continuous Payment Authority (CPA), this is a type of recurring payment that We set up at Your financial institution using the debit or credit card details provided by you.
ii. By entering into an agreement with Us, You are consenting to Us taking payments as and when they’re due automatically for any premiums, deposits or fees for Our services or additional products by CPA. It should be noted that this is not a Direct Debit therefore payments are not covered by the Direct Debit Guarantee.
iv. We will use a CPA that allows Us to attempt additional transaction payments after a previous failed payment attempt. The advantage of CPA is that You will not incur any charges directly from Your bank for a failed payment that You could incur with a Direct Debit. However, You may be charged by Your bank or card issuer for overdraft fees or other fees related to Your balance.
v. We will always specify the amount to be collected from Your card. Once the amount has been specified, We will immediately deduct the amount from Your specified account. If You cancel a CPA by contacting Your bank directly, it is still important to let Us know, as this won’t cancel the Insurance Contracts or this contract with Us and You will remain responsible for paying any outstanding Premiums and any Fees/charges in full.