Schedule of Fees and Charges
Martin & Garvan Insurances Ltd is remunerated either in the form of a proportion of the insurance contract premium (known as the commission or brokerage) or a fee or a combination of both. This is a professional charge for initial work activity and time spent in seeking the best terms, advice, product and product producer for your specific needs. An administration charge is also charged for the activity involved in the renewal of the policy and also any alterations that take place during and at cancellation of a policy. Our charging structure is listed below. Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency. In other circumstances where fees are chargeable, we will notify you in advance and agree the scale of fees to be charged. All premiums include 5% Government levy. Our fees are non-refundable in the event that a policy is cancelled. We reserve the right to amend these charges should the complexity of the product require a higher charge. We will confirm and agree this charge with you prior to any increased charge being applied. Please note a separate charge may be made and agreed separately with each individual client. Please note these charges do not apply if a separate annual fee has been agreed between the client and us. These fees are reviewed annually, and an updated list is available on request.
| Initial | Renewal | Policy Alterations / Cancellations | ||
| Household / Travel | *Up to max 50% | *Up to max 50% |
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| Private / Commercial Motor | *Up to max 50% | *Up to max 50% | Up to max of €100 | |
| Commercial | *Up to max 50% | *Up to max 50% | Up to max of €100 | |
| Life / Pensions | Insurer commission only – No charges applied | Insurer commission only – No charges applied | Insurer commission only – No charges applied |
*Expressed as a percentage of the premium charged by the insurance company.
Bank charges incurred by us will be charged to the customer. Martin & Garvan Insurances Ltd has a policy of charging an administration fee of €10 to cover the expenses of a returned cheque or direct debit default. A charge of €25 will be made for all duplicate documentation.