Insurance renewal accept then claim or vice versa ?

pitstop22

Our home insurance is due to renew June 21st  My son has broken Lap top today do I accept renewal then claim will it stay same price or go up or do I wait until new year of cover started ? Thankyou 

BarelySentientAI

If you accept the renewal without a claim, and then have one, you need to tell them and they will probably charge you more.

If you wait until the new year of cover, then tell them you have a claim from a month ago, they will know you have deliberately lied on the renewal to make it cheaper.  They might then cancel your insurance.

If you decide to lie about the date of the damage, you've written on a public forum that you are planning to do so.

pitstop22

I’m not planning to lie to anyone!   just wondered if it would affect this years renewal price - guess it will so no difference when we claim 

BarelySentientAI

pitstop22 said:

I’m not planning to lie to anyone!   just wondered if it would affect this years renewal price - guess it will so no difference when we claim 

Well of course it will - the renewal price you have at the moment is based on no claims.  You have one now, so the renewal price will be wrong.

dunstonh

pitstop22 said:

I’m not planning to lie to anyone!   just wondered if it would affect this years renewal price - guess it will so no difference when we claim 

Your first post does suggest you are deciding between committing fraud or not.

DullGreyGuy

You have to claim on the policy that was in force at the date of the incident which is this years policy. It will impact the renewal. 

If you were late to report the claim there would be fraud questions to answer as to why you didnt notify them of the loss at the renewal, they could void the policy for false declaration or could do the same increase as if you had told them before renewal but also add on an administration fee for late reporting.

TELLIT01

As others have suggested, to renew without declaring and then to attempt to claim for an earlier incident could certainly be considered to be fraud by deception, or something similar.  You would be attempting to obtain goods or services at a price lower than would have been offered if the insurer was in receipt of all the relevant facts.