Quick Insurance Question

stone7

I'm doing an online quote for a computer illiterate mate. He owns 2 vehicles one of which got stolen last year and for which he was paid out. Let's call this vehicle A.

I'm trying to get a quote for vehicle B. Does the claim on vehicle A need to be declared on the policy of vehicle B. I'm adamant it does, he's adamant it doesn't.

Please clarify.

TIA.

pappa_golf

yes the PERSON has had a claim ,

dacouch

Almost certainly has to be declared.

Insurers generally ask a question to the effect "Have you had any Accidents, CLAIMS or LOSSES within the last five years"?

His answer to this question would need to be yes

dacouch

If he does not declare the claim he runs the risk of his policy being invalidated (Voided).

Most Insurers subscribe to the Claims and Underwriting Exchange http://www.insurancedatabases.co.uk/ which they either check shortly after you arrange cover or when you have a claim.

In addition many will also cross check the information he supplied to arrange the cover with the various quotes he obtained. This can throw up that he obtained a quote with the theft claim declared at a higher premium and then decided to go with the lower quote without the theft claim declared. This is often deemed as slam dunk proof that he intentionally miss led the Insurers

Iceweasel

You are correct.

The question relates to the person' claim history - not to the claim history of that particular vehicle.

dacouch

I forgot to mention most Insurers also use the Hunter database to cross check applications and weed out customers such as your friend.

http://www.experian.co.uk/identity-and-fraud/fraud-prevention/hunter.html

stone7

Just as I thought.

Thanks all for the speedy replies.

dacouch

stone7 wrote: »

Just as I thought.

Thanks all for the speedy replies.

As a consumer you have to answer to provide an answer to specific and clear questions. If you do not provide an accurate answer to a specific question when / if the Insurer discovers it they will investigate whether they would have provided cover had you told the truth. If so they will cover the claim subject to any adjustment in premium / terms (Excess etc). If not they can void the policy.

However if they discover an intent to conceal the information they can void the policy. As previously mentioned, they can and do look at the other quotes you ran through which I assume included the theft claim. If you then went with the cheaper price without declaring the theft claim this would almost certainly be seen as you intending to miss lead the Insurer

You do not have to volunteer information that is not asked.