Inadequate insurance - what should I do?

sweetsand

TooManyPoints said:

The heading of your question is incorrect. You don’t have inadequate insurance. You have a policy which you obtained by misrepresentation. If the insurers discover that (which they surely will if you continue with a claim and probably will anyway since they’ve already asked to see your driving record) I doubt very much whether they will simply ask for an increased premium; they will almost certainly cancel your policy. You may have got away with it if you only had a single conviction, but to have three which you declared followed by a fourth which resulted in a discretionary disqualification (probably meaning the excess speed was high) I don't think will be treated lightly.

The repercussions of that are immense. You will have to declare it as a fact for the rest of your life. Whenever you make a proposal for an insurance policy one of the questions is “Have you ever had a policy cancelled?” You will have to answer that you have and it will cause you either increased premiums or refusal to quote.

I don't think you'll make much progress by saying it was because the policy auto-renewed. There's bound to be a clause in the policy which says you must inform them of any convictions or fixed penalties (either when they occur or upon renewal) and they probably sent you an e-mail anyway telling you the policy was due to renew and reminding you that you must inform them of any material changes. You could look on the bright side and be thankful that you were not involved in an accident which resulted in a claim for serious personal injury. Although the insurers would remain liable to pay the Third Party (under the Road Traffic Act) they would be able to pursue you for reimbursement of their outlay.

The best thing you can do is cancel the policy yourself before the insurers cancel it for you.

IE, fraud.
Yes, all ins policies put the onus on you to update in the event of change of circumstances.  
A very good post.
OP as I have said and the other poster above, cut your loses now and you wll be miles ahead, contiue with the deception and you could evetually lose a lot, lot more than just money, your job, reputation, home, family, friends and be a laughing stock, it's just not worth it.
Do the decent thing by stopping the inurance and renew with someone else and tell them the facts.

Good luck

x

Mercdriver

TBrowning said:

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What ARE you talking about?  Has no relevance to this thread at all

Herzlos

ElephantBoy57 said:

DLsttyl said:

My insurer of a secondary (rarely used) vehicle was not informed of some points and a disqualification - the policy renewed by itself and I didn't inform them of the change.

Self-renewal of policies should be banned. I just cancelled my breakdown cover today, on principle I will not go with that company again. It took me several calls before I got to speak to a person, they deliberately make contact difficult by not displaying an email address.

It cannot be fraud if it self-renewed; it is just a money issue.

Self renewing policies are much safer - it means you're continually insured whatever happens, and eliminates the risk of forgetting and running uninsured.

Herzlos

DLsttyl said:

Hi, all.
My insurer of a secondary (rarely used) vehicle was not informed of some points and a disqualification - the policy renewed by itself and I didn't inform them of the change. They have asked for a DL check code a little while ago, which would of course reveal that information to them. I am yet to furnish them with it.

Insurers share information so they already know you have more points than declared and want you to prove otherwise. They won't process your claim without proof and they may just decide that failure to provide the details is sufficient grounds to cancel the policy anyway.

Your options are to
1) fess up and pay the difference or have the policy cancelled.
2) phone and cancel the policy yourself, then find a new insurer with the appropriate details and hope the 3rd party doesn't involve their insurance.

Since you've sat on the accident on this barely used car for weeks now, as well as the invalid insurance for weeks, I think it'd be a bad idea to to and claim now since it looks pretty bad and they'd be quite entitled to just void you for fraud and refer it onto the police.

Because lets face it, the reason you haven't told them about the points is to get the cheaper insurance and you're now only considering telling the truth because you want to make a claim.

DLsttyl

sweetsand said:
 contiue with the deception and you could evetually lose a lot, lot more than just money, your job, reputation, home, family, friends and be a laughing stock, it's just not worth it.

oh goodness, lol. You're being a bit dramatic about it - I'd lose my job, reputation, home, family and friends?
Would probably put me in a better position if I did, haha.


----

I'm leaning towards the insurance route being a non-starter, then. Note that I have to pay out of pocket here anyway - the claim is for someone else. I was involved in a very minor (but expensive) accident and elected to leave my number, despite this insurance issue. I guess we all have different sets of morals. Someone with proper insurance who does a runner, vs. someone committing "insurance fraud" who pays out of their pocket. It's money I really don't have so wanted to use insurance if possible, but I guess that won't work.

eamon

On reading the posts after mine some have got a smart idea i.e. cancelling the insurance policy yourself and self funding the 3rd party repair. Its saves your insurance record.

But you need to clean up your driving standards and loose those points for good.

Jumblebumble

sweetsand said:

Jumblebumble said:

sweetsand said:

They could charge with fraud, IE paying less for your car insurance than you would have otherwise and cheating them out of the money they would have got if you told them the truth.
It's fraud, it is not nice, do the right think, fess up, now!

I would be interested in you citing a case where an insurance company has charged anyone with fraud under these circumstances rather than voiding from inception and keeping the premium

You can look up the cases but below is a link that tells you in plain language that lying to an insurance co to get cheaper quote is fraud and not just by hiding penalty points/etc but insuring the car in your name and having a young driver but the younger driver is the main driver, giving a flase address eg address of family where it is chaper to insure and a lot more

Someone we know had their insurance canclled and not got a penny back when someone grassed them up saying they parked their car in a garage overnight when in fact it was on the drive. Someone told me at work that they child had bught a car in their name and inusred in parents name to get cheaper insurance then a minior prang and the youngster on the phone to insurance and the firndly chat resulted in the insurance ascertaining the car was fraudulently insured so gave the family the option to pay for the damge to their car, the third party, write of the insurance premium, and blacklisted from isnurance or go to court - they not to go to court and lost the price of their car worth about 1k before the crash 300 insurance and 3k damage to the other car and now pay a hefty mark up on their own car, house and contents insurance.

I have famiy that works in one of th top insurance co's and they have an voice analytic sytem that listens to the two way call and alerts the insurance if there are any porkies.

https://www.ingenie.com/young-drivers-guide/what-happens-if-you-lie-to-your-insurer

Thanks

I don't disagree or disbelieve with anything you have said apart from  the suggestion that an insurance company is likely to charge a policy holder with fraud which would involve the CPS  court and  criminal records
 I think this could be interpreted as scaremongering
Apart from anything else the insurers would gain  nothing but would risk the judge ordering them to return the premiums
I agree fronting and not declaring disqualifications  is fraud 

TooManyPoints

Jumblebumble said:

I don't disagree or disbelieve with anything you have said apart from  the suggestion that an insurance company is likely to charge a policy holder with fraud which would involve the CPS  court and  criminal records I think this could be interpreted as scaremongering
Apart from anything else the insurers would gain  nothing but would risk the judge ordering them to return the premiums
I agree fronting and not declaring disqualifications  is fraud 

Yes I agree. I doubt the insurers would involve the police (which they will have to in order to get a charge laid). There's nothing in it for them other than aggravation. But to be honest that would be the least of the OP's worries. Depending on the sentence handed down a conviction for fraud would be "spent" in a fairly short time. Having a policy cancelled by an insurer is never "spent".

MinuteNoodles

DLsttyl said:

MinuteNoodles said: Point one depends on the offence. A SP30 dealt with by a fixed penalty notice is likely to result in an increase in the cost
The offences were all SP30's - three were declared and the final one was a discretionary, short, disqualification. I didn't tot to 12 points, in the end. I've ran it through the price comparison sites and the increase in my premium isn't that much (if I compare delcaring it vs. not) but you do see different insurers willing to take me on or not.

YEah I was thinking of one SP30 in isolation, not four and a ban. You were banned from driving and as you've found out some insurers won't touch you so policy cancellation and coming after you for any payout they make is possible.