What fees could I be charged?
The terms and conditions of your Close Brothers Premium DAC agreement with us outline the fees you could be charged by us. These will vary depending on whether you're an individual (personal lines customer) or a business (commercial lines customer), but they could include:
Facility fee – for setting up your credit agreement
Personal: €0
Commercial: Variable depending on premium size
Cancellation fee – if you cancel your credit agreement
Personal: €0
Commercial: €15
Default fee – if you miss a payment
Personal: €0
Commercial: €40
Your insurance broker may also charge you a fee for setting up your credit agreement.