Mistake on policy when purchasing a car 6 years ago .

DullGreyGuy

Gycraig said:

Bloody hell I always just guess roughly when I answer that question, always assumed “near enough” would be good enough, that’s crazy 

Unfortunately you then make a declaration that all the information is correct to the best of your knowledge not a declaration that it is roughly right. 

400ixl said:

homi said:

The worrying thing is, if you contact your insurer to change it they will charge and if you don't and are in an accident, they may void the policy which will cost you a lot more.
 

They cannot use this as a reason to not pay out any claim as it has no relevance.

Been a few instances reported of similar with Hastings recently, they are clearly trying to get their profits up at the moment and one to avoid.

You seem to not know about CIDRA (Consumer Insurance (Disclosure and Representations) Act 2012)

Under CIDRA if it can be shown that the false declaration was intentional or reckless then the policy can be voided back to inception and all claims avoided. It doesnt mater if the false declaration is relevant to the claim or not.

If its determined that the misrepresentation was accidental or careless then they can only void the policy if they show that they wouldnt have offered terms had the truth been given but they can reduce the claim by the percentage of underinsurance as a result of the wrong declaration. Again, no need for it to be relevant to the claim.

The Ombudsman has backed a number of insurers decisions to void policies under CIDRA for things the customer has claimed to have no knowledge of the need to declare etc.