I took out insurance for the year, sold the car within the first month as my wife and I are divorcing, we have a terminally ill child and things just haven't worked out. I was told about the £60 fee for cancellation and 10% charge that First take if cancelled. Then you have the underwriters (in my case) 1/12 fee. So I paid them £650 and they are trying to give me back £330 after I insured the car for 16 (yes!!!! 16) days! This company is the epitome of UK "Terms and Conditions" which were NOT EVER explained in that detail. I was told as I described above and they tried to pu this one over us. I am waiting for their manager to call me, it better be good" You have been warned!