Instalments Terms and Conditions

A signed Direct Debit Instruction authorises MMA Insurance plc to debit your account with the appropriate monthly premium (including service charge and tax) until further notice. MMA Insurance plc will give seven working days notice of payment amounts or any subsequent amendments to these amounts resulting from policy amendments.

If your Bank or Building Society does not honour a Direct Debit request, cover under your policy will cease after seven days’ notice of cancellation has been given.
You will undertake to immediately return to MMA Insurance plc the Certificate of Insurance or Schedule in respect of any cancelled policy.

MMA Insurance plc will search the files of a credit reference agency and a record of that search will be recorded against your file whether or not your application is accepted. If credit is granted, details of how you perform in meeting your obligations under this agreement may be passed from MMA Insurance plc to one or more credit reference agencies. This information may be searched by credit granters and used in assessing applications for future banking, loan, hire or insurance facilities and for debt collection purposes.

MMA Insurance plc may refuse you application for credit. Under such circumstances, MMA Insurance plc will write and advise you and allow you seven days to pay the balance of the premium. If you do not pay the amount outstanding within this period the policy will be automatically cancelled from the date that the seven days’ notice expires. The agreement is not in force until satisfactory credit references have been taken and lodgement of the completed instruction has been accepted by your Bank or Building Society.

MMA Insurance plc are unable to accept credit applications for payment where:

  • Premiums are less than £75
  • The proposer and the payer are not one and the same
  • The proposer is under 25 years of age
  • Inception date of cover is more than four weeks prior to the date of receipt of the credit application by MMA Insurance plc
  • The proposer/payer has defaulted on any previous agreement