TERMS OF BUSINESS
Please read this document carefully as it contains important information. If you require clarification or wish to discuss any of the content further please contact us.
Three Castles Cover Limited is a trading style of PH Innovate (Broking) Limited (Firm reference No. 842416) who are an appointed representative of Next Risk Solutions Limited (Firm reference No.705135) and authorised and regulated by the Financial Conduct Authority. This can be checked on the Financial Services Register by visiting the website www.fca.org.uk or by contacting the FCA on 0800 111 6768.
PH Innovate (Broking) Limited registered office is: Top Floor – Cwmbran House, Mamhilad Park Estate, Pontypool, Torfaen, NP4 0HZ. Registered in England and Wales number 11352998. Throughout this document the use of We/Our/Us refers to PH Innovate (Broking Limited).
Our Opening Hours
Monday – Friday: 8:30am – 7:00pm
Saturday: 9:00am – 2:00pm
Sunday and Bank Holidays: Closed
After assessing your demands and needs through a series of questions, we will arrange your insurance policies and assist you with any future changes.
We will not provide advice or recommendations relating to any products, we will provide you with a quotation based upon the information that you give to us and you must then decide how to proceed.
We will endeavour to issue your policy documentation on the day you arrange cover with us, but at times where this is not possible your documents will be issued the next working day.
We will provide you with an annual review of your policy where we will review your sums insured and make any policy changes that you request before issuing a revised schedule.
We endeavour to place your business with insurers who have adequate means to meet their obligations but cannot guarantee the solvency of any insurer and we shall not be liable for losses suffered by you in the event of the insolvency of an insurer.
Duty of Care
Please take reasonable care to answer all questions honestly and to the best of your knowledge, as any product will be based on the information you have provided. Incorrect answers given accidentally or deliberately may lead to an increase in your premium, invalidate your insurance cover, result in your insurer reserving the right to cancel your policy, or treat the policy as if it never existed. Incorrect information could also lead to claims being rejected or not fully paid.
You must therefore provide complete and accurate information to us at all times including when arranging your insurance and throughout the lifetime of any policy. Any change in your circumstance or the risk itself, such as changing occupation or receiving endorsements on your licence must be notified to us immediately. If you are unsure about disclosing any information, please ask us for guidance.
You are reminded that it is an offence under the Road Traffic Act to make false statements or withhold any relevant information to obtain a certificate of motor insurance. Under the Rehabilitation of Offenders Act you are not required to disclose convictions regarded as ‘spent’.
Check Your Documents
It is vital that you take the time to immediately check all documentation that we send to you including application forms, schedules, certificates, cover notes and policy wordings to ensure all the information stated is present and correct. If you feel that any documentation is incorrect, you should contact us immediately.
All accidents regardless if you intend to make a claim should be notified to us immediately by contacting us on +44 (0) 8448 541 112.
To maintain our competitive premiums, validate your information and to combat fraudulent activity, your insurer may require you to provide certain documentation to support your application. These requirements will be outlined to you at the point of sale and may include but are not limited to copies of driving licences, proof of any no claims discount and signed application/proposal forms.
Any supporting documentation that does not correspond to the information you have provided will be corrected and where applicable an additional premium may be charged by your insurer.
Anti-Fraud Registers and Other Searches
To ensure you are offered our most competitive premiums and to protect all customers from fraud, many insurance providers operate a credit scoring system and will use the information you provide to carry out checks with credit reference agencies, fraud prevention agencies, and other public and privately available sources of information. These checks can include electoral roll and credit information.
The information is used to verify your identity and is registered as a general insurance search. The searches may appear on your credit report whether or not your application for insurance proceeds, but will not harm your credit rating or adversely affect your credit profile.
Whilst we do not carry out credit checks on our website, we or our partners may do so at any stage of the quote or purchase process, regardless if you obtain a quote via the internet or over the phone.
We are usually remunerated by commission received from the insurance providers. Where we are not, we may apply an equivalent charge of up to 15% of the annual premium for new policies and renewals or 15% of any additional premiums for making a change.
Where you have chosen to pay for your premium through a third party finance provider, we may be paid commission for the arrangement of your credit agreement.
Payment of your Insurance Premium
For new policies, we must receive your payment before cover commences. A charge may apply to payments made by credit card and this will be confirmed to you at the time of incepting or renewing your insurance. We will not however charge you any more than the direct costs of processing the transaction when you make payment by credit card.
We shall be entitled (but not obliged) without providing notice to you to set off any amounts due to us from you, against any amounts which we may receive on your behalf (i.e. claims moneys, refunded premiums and other sums).
It is important for you to understand that non-payment of your premium, either in full or partially or a default on a credit agreement may result in the cancellation or lapsing of your policy. If any premium instalment remains unpaid 14 days after it is due you will be contacted to give you an opportunity to bring all payments up to date. If you do not do so we can immediately cancel the policy with effect from the date the missed payment was due.
If we cancel your policy as a result of your non-payment of premium, we will be entitled to retain all commission received for conducting these transactions, together with all fees charged by us for services provided. You will also be liable for any charges the insurer may make in respect of their time on risk and any cancellation and/or administration charges that may apply.
We use a third party to collect and store payment card information in accordance with industry standards and operate a Continuous Payment Authority to help assist you in the reconciliation of your accounts.
Continuous Payment Authority
Whenever you provide us with your credit and/or debit card details you are entering into a continuous payment authority. A continuous payment authority gives us the right to:
- Take payments from your card on a date of our choosing
- Take payments from your card for different amounts
We reserve the right to use the continuous payment authority to collect payment for balances due to us following the lapse or cancellation of a policy only.
Where we intend to use the continuous payment authority, we will inform you in advance of doing so.
If a payment request is unsuccessful, we will make a maximum of 2 further collection attempts within a 30 day period.
You can make alternative arrangements to pay any money owed by calling us on 03300 948 781.
Where a third party has made payments on your behalf by using their credit or debit card, we reserve the right to collect any overdue amounts from the card registered with us.
If anyone has made card payments on your behalf we would ask that you let them know that we may collect any outstanding balances that you owe from their card.
This authority can be cancelled at any time by contacting us and letting us know that you would like to withdraw your permission
Our Service Charges
We apply the following charges for our service in addition to anything charged by the insurance provider. Where a charge is variable, we will confirm an exact figure to you before any transaction.
|Policy Arrangement Fees||£75|
|Cancelling a policy||See “Cancellation’ section of this document|
We strongly recommend that you contact us before deciding to cancel your insurance policy to discuss your options.
You have the right to cancel your insurance policy at any time.
There are occasions where we will enforce cancellation of your policy. This is only performed when there is a good reason or if your insurers have instructed us to do so. Before cancelling your policy, we will always send at least thirty (30) days written notice ( seven (7) days for the motor section of the policy) to your last known address. The cancellation will be treated as a standard cancellation and you will incur the same charges as set out below.
Cancelling Before Cover Starts
If you have instructed us to start a policy, but choose to cancel before any cover has commenced, we will retain the £75 administration fee.
Cancelling Within The Cooling Off Period
If your cover has started and you decide to cancel your policy within 14 days of receiving your documentation, and provided you have not made a claim or had a claim made against you, you will be refunded the premium in full, less the £75 administration fee.
Cancelling After The Cooling Off Period
If your cover has started and you decide to cancel your policy outside of the cooling off period, and provided you have not made a claim or had a claim made against you, you can cancel the policy at any time by giving us 30 days written notice. We will retain the £75 administration fee and return a pro rata proportion of the premium for any period you have paid for which falls after the effective date of cancellation.
Credit/Debit Card Payment
Please note that any refunds can only be made back to the card used for the original transaction, or where this is not possible a cheque or BACS transfer will be issued.
A missed payment charge will be incurred for any failed monthly payment, and if overdue payments are not received within 14 days of defaulting, we will commence the cancellation process.
For your protection, if you cancel your direct debit it will not automatically cancel your insurance policy, and could lead to unnecessary charges being applied to your policy. You should always contact us in accordance with the ‘Cancellation’ section of this document.
We are committed to delivering a high standard of customer service at all times but in the unlikely event that you have cause for complaint your should first speak to our customer service team who will try to swiftly resolve the issue. If you remain dissatisfied, you should put your complaint in writing to the Complaints Manager using the address in the ‘About Us’ section of this document. You can request a copy of our complaints procedure free of charge and at any time, and the procedure can also be found on our website.
Having followed our complaints procedure, if we still cannot resolve your complaint you may be able to refer the matter to the Financial Ombudsman Service (FOS) via www.financial-ombudsman.org.uk
Financial Services Compensation Scheme (FSCS)
We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. Further information about compensation scheme arrangements is available from the
FSCS website www.fscs.org.uk
Protecting Your Money
Depending on your insurer, we may hold your premium payment in a Client Money Bank Account until it is passed to your insurer. We cannot use your money for any other purpose other than to pay the insurer that your insurance is arranged with. We may earn interest from money held in this account, which we will retain. Unless you tell us otherwise, you are consenting to us holding your money in this way.
The laws of England and Wales govern this agreement and any dispute is subject to the exclusive jurisdiction of the English courts.
Under Data Protection legislation you have certain rights; these include for example, a right to understand what data we hold on you and a right to ask us to amend that data if it is incorrect. If you would like to exercise any of your rights please contact our Data Protection Officer (contact details below).
If you have any questions about how we use your data, or to exercise any of your data rights please contact our Data Protection Officer at: Data Protection Officer, Three Castles Cover, Top Floor – Cwmbran House, Mamhilad Park Estate, Pontypool, NP4 0HZ. Please make sure you provide your name, address, policy number and other relevant information to allow us to respond to your query.
Agreement to our Terms of Business does not affect your normal statutory rights.