- A payment deferral allows you to stop paying your insurance payments for an agreed period of time and if agreed, it won’t have any negative impact on your credit rating
- When your monthly payments start again after the deferral, the amount that has been "missed" will be spread over your remaining instalments
- We will not charge any additional interest to you so the total amount you pay will not increase as a result
- Payment deferrals should only be used when absolutely necessary, the remaining cost of your insurance policy will still be due, but will be paid for over a shorter period
Agreed payment deferrals will not have a negative impact on your credit score, but if you fail to make the payments after the agreed deferral period it could negatively impact your credit score and could impact your ability to secure credit for a policy in the future (if applicable).
What should I do next?
If you're struggling financially then please call us and we’ll see what we can do to help. Please don’t cancel any payments or direct debits through your bank as this can affect your policy with us and may have a negative impact on your credit rating.
NatWest Insurance Team
For Home Insurance call: 0345 246 0449
(Relay UK: 18001 0345 246 0449)
For Car Insurance call: 0345 246 0448
(Relay UK: 18001 0345 246 0448)
For Premier (Home, Car or Pet) Insurance call: 0345 246 2105
(Relay UK: 18001 0345 246 2105)
Home, Renters, Car and Premier (Home, Car or Pet) Insurance is underwritten by U K Insurance Limited