When purchasing an annual insurance policy, customers can select an option to automatically renew their policy each year, meaning that they have peace of mind knowing that they have continuous cover in place. If selected, the customer’s policy will automatically renew unless the policyholder has previously advised us that they do not want this policy to be renewed, or at renewal they have advised us that they no longer wish to renew this policy, or they are no longer eligible for cover. We will still write to the policyholder prior to the expiring policy’s renewal date to remind them that this policy is due to be renewed and confirm the renewal premium. We will also highlight if the renewal premium has changed or there have been changes made to the terms and conditions of their policy. Renewal premiums will again be collected from the specified credit or debit card that was originally used when setting up their policy. We are entitled to assume at renewal that the policyholder’s details have not changed and they have the consent of the credit or debit card holder, unless the policyholder informs us otherwise. We will through our administrative bank, charge the payment details to the credit or debit card held on record for the renewal premium due. Policyholders should also be aware that we can only automatically renew this policy when:
- • they have made us aware of any changes to their circumstances and/or information previously provided, if any;
- • the credit or debit card details we have on record have not changed; and
- • the credit or debit card holder has given his or her consent for his or her card being charged at renewal.