Your overall cost is made up of both premium, insurance premium tax and a set service fee. All costs will be stated separately as we are totally transparent. . . i) If you cancel your policy prior to inception then you will be entitled to a full rebate of all charges. ii) If you cancel your policy mid term then you will be entitled to a rebate on a daily pro-rata basis, subject to the total return being not less less than £ 10.00. . . .