reclaiming insurance payout

mikey72

I don't think it would help.
If you stop paying, they can pursue you in court for recovery of their losses.
It will be a civil court, and tbh, you'll lose. You did it, you admitted it, you can pay, it'll just cost more in the long run.

skylinelover

mikey72 wrote: »

I don't think it would help.
If you stop paying, they can pursue you in court for recovery of their losses.
It will be a civil court, and tbh, you'll lose. You did it, you admitted it, you can pay, it'll just cost more in the long run.

Fair enough mate,

Thanks for taking the time.

Cheers.

magpiecottage

Yes you do need to repay the debt. However, it is worth checking when your offence will be "spent" under the Rehabilitation of Offenders Act. Normally it is five years, which would expire this year.

You will then no longer be required to declare it to insurers.

bouncydog1

Doesn't the spent time start from when any suspension ends and aren't some convictions subject to different periods?

I would have thought that the above was one of the more serious, particularly as there were several offences committed rather than one.

Happy to be corrected if misinformed.

There was another post on here recently about somebody being pursued by the MIB for in excess of £40k as they were uninsured when involved in an accident, so it would seem that insurers and MIB are definately now trying to recoup their losses from uninsured drivers.

dacouch

frsjpp wrote: »

Unless of course the paperwork specifically states you need to declare ALL convictions "even those considered spent"

not to mention that depending on the exact wording of the questions in the proposal/quotation the fact you have a conviction related to driving without insurance and dangerously at that is material to the underwriters establishing how much of a risk you are.

You do not have to declare convictions which are spent under the rehabiltation of offenders act no matter how the Insurer words their questions. If an Insurer refused cover or cancelled a policyholders cover for a spent conviction the Ombudsman would automatically rule against the Insurer and would possibly award compensation.

http://www.financial-ombudsman.org.uk/publications/ombudsman-news/25/25-disclosure-of-spent-motoring-convictions.htm