Car insurance claim and mileage

Parking_Trouble

I would stop worrying about it and wait to see if you are asked about it.

There is nothing more you can do for the time being other than have an explanation in case you are asked.

If they do void your insurance or reduce your cover then you can start worrying and look for help to sort that out.

hcb42

I wouldn't think so, the void would be if they had know the actual mileage would they have insured you at all.....in this case the answer would be yes (assuming of course you are not driving some classic car or anything)

Parking_Trouble

hcb42 wrote: »

I wouldn't think so, the void would be if they had know the actual mileage would they have insured you at all.....in this case the answer would be yes (assuming of course you are not driving some classic car or anything)

I guess the potential dispute would be about non-disclosure of increased mileage. I don't know how the insurer will react but worst case would be to not provide cover and only settle the TP costs (no repair to the OP's vehicle) under their obligations under the Road Traffic act. Then pursue the policyholder for the money.

That would be really harsh but some insurers look for any opportunity to reduce the payout or boost profits.

DaveMcDavid

That is exactly what I'm afraid of.

olly300

DaveMcDavid wrote: »

That is exactly what I'm afraid of.

Depending on the insurer they can just turn around and ask you for the extra premium. They have to treat you fairly - and you have a regulator who depending on what your claiming about you can take your case to.

It does help if you have a valid reason for the oversight.

Have you changed where you have worked in the last two years which reduced your mileage, then changed again so should have increased it but forgot?

Parking_Trouble

olly300 wrote: »

Depending on the insurer they can just turn around and ask you for the extra premium. They have to treat you fairly - and they have a regulator who depending on what your claiming about you can take your case to.

Absolutely right.

You have lost nothing so far and a long way to go before your level of worrying is justified.

DaveMcDavid

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dacouch

DaveMcDavid wrote: »

I phoned them this morning to increase my mileage estimate from 5000 to 10,000 and my premium was increased by £55 (it's between £1100 and £1200 before monthly interest) to reflect this.

There's a good chance you will hear nothing more about it, often the claims and underwriting departments are very separate.

When a claim is reported the claims department will at some point check the mileage, convictions and modifications etc against what is shown on the underwriters files. Some will show up that you recently changed it, some won't show that it was changed after the claim. Often the claims staff will notice it and c.b.a to do anything about it or as you have changed it not take any further action.

There will be the odd company that may take it further which would generally be ask for a written explanation as to why you under declared and providing the explanation is acceptable take no further action.

It should be noted that further to the previous paragraph some may delve further and look into whether you did it deliberately to reduce your premium. This could be that you were doing much higher mileage last year with them or that when quoting you obtained quotes for higher mileages as well and went with the much lower mileage.

There is a small chance that some Insurers apply an increased excess if you have an accident after going over your declared annual mileage.

As others have mentioned, your best bet is to just allow things to take their course and stop worrying

DaveMcDavid

When you say increased excess, how would that work if it's only a third party pay out?

olly300

DaveMcDavid wrote: »

When you say increased excess, how would that work if it's only a third party pay out?

It's likely the insurer will do SFA. So until they don't you shouldn't worry about it.