Problem with insurance company

Justpaul67

Hello. Can anyone help with the following ?

Two years ago I changed car but continued my insurance with the insurer of my old car. Shortly after (October 2014) I received a fixed penalty notice for speeding. I did not tell my insurer at the time and neglected to do so at renewal last year.

This year I shopped around before checking against the the renewal offer and got a better deal. I rang my insurer to see if they would drop their price. During the conversation I disclosed the fixed penalty notice from 2014. At this became somewhat excited. To cut a long story short, even though my insurance has now lapsed., and I have now gone elsewhere, they say I owe them additional premiums for the undisclosed fixed penalty notice and are dropping hints abut taking action to recover it if I refuse to pay within 14 days . I made no claims during the period I was insured with them.

Are they entitled to this premium ?

BeenThroughItAll

Justpaul67 wrote: »

Hello. Can anyone help with the following ?

Two years ago I changed car but continued my insurance with the insurer of my old car. Shortly after (October 2014) I received a fixed penalty notice for speeding. I did not tell my insurer at the time and neglected to do so at renewal last year.

This year I shopped around before checking against the the renewal offer and got a better deal. I rang my insurer to see if they would drop their price. During the conversation I disclosed the fixed penalty notice from 2014. At this became somewhat excited. To cut a long story short, even though my insurance has now lapsed., and I have now gone elsewhere, they say I owe them additional premiums for the undisclosed fixed penalty notice and are dropping hints abut taking action to recover it if I refuse to pay within 14 days . I made no claims during the period I was insured with them.

Are they entitled to this premium ?

Yes. You didn't tell them about a material fact. That'd be known as 'fraud'.

walwyn1978

Yes they are. It's in the small print of almost all insuravce policies.

maddogb

Really can't see it standing up legally, too many ifs and buts might be worth a call to a legal helpline of you have one available.

shaun_from_Africa

If you don't pay them, then unless it's a great deal of money it's unlikely that they will take legal action to recover the extra premium that they say you owe but there is something that they can do that will be far more expensive for you.

That is for them to put a note on the insurance database stating that you failed to disclose a material fact both at the time you accepted the fixed penalty and also when renewing your insurance policy.
Any insurer will see this as soon as you apply for a new policy and it will probably lead to either higher quotes or them declining to insure you at all.

Did you also "forget" to tell your present insurers about your FPN?

jobdone1

Legal action haha you knowingly failed to disclose a material fact thus benefiting from a lower premium that you was not entitled to. You where and are a higher risk hence why they can and will chase you for the additional premium. Next time try not to attempt to defraud the insurance companies

Justpaul67

All;

Thanks for the responses. Problem resolved.