When to tell the car insurance company?

mhoc

My son did a speed awareness course in February 2015 following on from an infraction with speeding.

Now he has done it again so it seems his only option now is to accept 3 points and pay £100 fine because there was not enough of a time gap between this occasion and the last one.

We are all on a multi car policy with Admiral and the renewal date is in May, I am the administrator of it.
At what point do I ring Admiral to tell them - do I wait for the renewal notices in April or do I tell them when his license is returned to him with the points on?

Billy_Bullocks

What does your policy say about it?

mhoc

I've not checked yet - all of our documents are online

Car_54

mhoc wrote: »

I've not checked yet - all of our documents are online

And presumably can be checked online?

Aylesbury_Duck

It's quicker to get someone on here to provide the answer, obviously.

Quentin

Aylesbury_Duck wrote: »

It's quicker to get someone on here to provide the answer, obviously.

But no-one here can know!


Different insurers have different policies on when new points must be notified.

paddyandstumpy

I would have thought (my opinion not fact), that as long as you've told them before renewal so the new rate is on the correct info, then that's ok.

You've already entered into the current contract so they can't move the goalposts midterm...

However it could be seen as a material fact to the risk. I can see both sides of the coin.

The company I most recently worked for (that did personal lines) would only want to know at renewal.

AdrianC

Aylesbury_Duck wrote: »

It's quicker to get someone on here to provide the answer, obviously.

Quite.

I do hope he was honest to Admiral about the course.

Quentin

paddyandstumpy wrote: »

I would have thought (my opinion not fact), that as long as you've told them before renewal so the new rate is on the correct info, then that's ok.....The company I most recently worked for (that did personal lines) would only want to know at renewal.
.

This is a dangerous opinion from an ex-employee of an insurer.

The fact is that you must tell them in line with the policy conditions (which as posted do vary)

eg. It would be a breach of the john Lewis & Direct Line policy to follow your ex employer's stance! (JL require you to inform them "straight away" & DL warn you that failure to notify any changes can result in the policy being invalidated and claims being rejected)

Car_54

paddyandstumpy wrote: »

I would have thought (my opinion not fact), that as long as you've told them before renewal so the new rate is on the correct info, then that's ok.

You've already entered into the current contract so they can't move the goalposts midterm...

However it could be seen as a material fact to the risk. I can see both sides of the coin.

The company I most recently worked for (that did personal lines) would only want to know at renewal.

They can move the goalposts mid-term if the contract allows them to. My policy (with eSure) requires me to notify them immediately of any convictions, accidents, etc, and goes on to say:

"We may then re-assess your cover and premium. If you do not tell us about any relevant changes, we may reject or reduce your claim; or declare your policy null and void."

Billy_Bullocks

paddyandstumpy wrote: »

I would have thought (my opinion not fact), that as long as you've told them before renewal so the new rate is on the correct info, then that's ok.

You've already entered into the current contract so they can't move the goalposts midterm...

However it could be seen as a material fact to the risk. I can see both sides of the coin.

The company I most recently worked for (that did personal lines) would only want to know at renewal.

It's not them moving the goalposts. The OP's son breached the contract when he was convicted of a criminal offence.

It's worrying you worked in insurance.