James
No Refund After Cancelling Policy
I cancelled my policy a month ago and have still not received a refund. When asked about the refund I was given a date that it would be mailed out. After waiting over two weeks after that they then said that the check might be lost. I contacted Markel (who actually handles the policy and not Velosurance) because that seemed unlikely and they informed me that because of how the cancellation was processed that no refund was ever generated or check mailed out. Markel is investigating now. Upon letting Velosurance know they said they did everything correct but would check again but I do not have much confidence in them because of the initial incorrect information. Also, in this process their representatives said I would receive a call back which never occurred only to discover an email in its place that said they fulfilled their responsibilities and the refund is on Markel. The policy was purchased from Velosurance so I expected them to handle it without the runaround.
Response from VelosuranceAug 24, 2023
Unfortunately our underwriter had a system glitch. You alerting us has triggered an investigation and the issue was resolved, and your check mailed within a week. We understand your frustration and appreciate your patience. Thank you for being a client and we’re sorry we’ve disappointed you.



