Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are there any hidden extras I have to pay on top of the premium (e.g. taxes etc)?

April 26, 2017Extras hidden pay Premium taxes

0

Posted

Are there any hidden extras I have to pay on top of the premium (e.g. taxes etc)?

1 Answer

0

Posted

In certain countries (mainly in the European Union) your premiums may be subject to Insurance Premium Tax (IPT). The rates vary from country to country and we will advise you of these at the time of purchase. The insurer is required by law to collect these taxes and pass them on to the tax authorities in the relevant country.