A Direct Debit is an instruction from you to your bank or building society. It authorises The Insurance Emporium to collect payments from your account if we have given you advance notice of the amounts and dates of collection. By supplying The Insurance Emporium with the details of your bank or building society account from which you wish to pay your premium, an amount can be taken at the interval you have specified, whilst you enjoy the security the Direct Debit guarantee offers and the convenience of not having to manually set up the payment.
A lunar monthly policy runs for, and premiums are collected on, equal periods of 28 days. This type of policy renews every 28 days.
Runs for 365 days from the commencement date and time shown on Your policy schedule; automatically renews annually.