Non-disclosure on insurance - how to rectify?

rs65

arcon5 wrote: »

How op can rectify it though I don't know as I've never seen a comparison site or insurer only ask for a 3yr history, they probably do exist though

Aviva and Direct Line

Aretnap

rs65 wrote: »

Aviva and Direct Line

Admiral as well, IIRC. There are probably others.

A comparison site will ask the question based on the longest claims history that any of its insurers require (so 5 years). However if you get quotes through individual insurer's websites you'll find that many of them onlyask for shorter histories.

straighttalker

dacouch wrote: »

Please ignore this advice as it could cost you a serious amount of money.

If you're asked a question to the effect "have you had any Accidents, Claims or LOSSES" within the last five years you must answer it truthfully

That was my personal view.

In any event, I doubt an insurer would refuse indemnity based on non disclosure of an incident where there was no claim and no payout. At the very worst, they would ask for the difference in premium between declaring the previous incident and not doing so. That would be if they decided to take the point.

sh0597

What do you define as a "loss" though?

rs65

sh0597 wrote: »

What do you define as a "loss" though?

If someone loses their car in a fire, they have suffered a loss.

dacouch

straighttalker wrote: »

That was my personal view.

In any event, I doubt an insurer would refuse indemnity based on non disclosure of an incident where there was no claim and no payout. At the very worst, they would ask for the difference in premium between declaring the previous incident and not doing so. That would be if they decided to take the point.

At the very worst they would void the policy from inception leaving the OP to pay for any claim against him and also any of his own damage. In addition he would have a void policy to declare which will have a huge impact on his future premiums for any type of Insurance.

Your example of a "very worst" scenario is actually a VERY BEST scenario.

Other potential scenarios are he takes a policy out with an Insurer who automatically checks the claims/ losses he's declared against his the database. There are plenty of Insurers who do this and the one's who do will normally cancel his policy. This leaves him with a cancelled policy to declare again affecting any type of Insurance he takes out in future including motor, household and life insurance.

As I stated, your advice not to declare could cost him a serious amount of money if he follows it and is caught out. Your advice is especially cavalier as you do not know the rest of the OP's details. He could have a couple of offences on his licence or a serious offence which make the chance of an Insurer overlooking the non disclosed fire even less likely.

The loss will no longer need to be declared after May 2015 so he only needs to declare it for the next six months.