Insurance Demand after Ban and Accident

Insurance Demand after Ban and Accident

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Discussion

AL...Ease

Original Poster:

2,679 posts

219 months

Thursday 27th October 2016
quotequote all
One of my colleagues got a 14 day ban earlier this year after doing 105 on a motorway. He thought he wouldn't have to tell his insurance company until he renewed.

He had an accident last week, which was probably his fault, maybe 50/50. His insurance company asked if he had any convictions and he told them. Now they're asking for ~£800 for the increase in insurance policy price due to the ban (plus his excess).

I guess his insurance is probably >£2k/year as it is because he is young and drives a 320d.

Is that normal procedure, or are the insurance company taking him for a ride?

AL...Ease

Original Poster:

2,679 posts

219 months

Thursday 27th October 2016
quotequote all
Rick101 said:
Hmm, I thought endorsements only needed advising at the commencement of a new contract i.e on renewal.
That's what my insurance company told me; I got my first points a couple of years ago around a month into a renewal. I called my broker and he said to just let them know when I renew...

AL...Ease

Original Poster:

2,679 posts

219 months

Thursday 27th October 2016
quotequote all
SS2. said:
What he needed to declare to his insurers and when he needed to declare it would be detailed in his policy documents.

Those documents would also explain what actions his insurers were entitled to take if the policy holder failed to disclose in accordance with the insurers requirements.
I've looked through, but can't see any stipulations in there other than "you must inform us in the event of an accident".

Thanks for the help all!

AL...Ease

Original Poster:

2,679 posts

219 months

Thursday 27th October 2016
quotequote all
He's insured with Diamond (meant to be for women). I've just checked on their website and they have the full policy document which states:

1
Please tell us before
?
If you are going to take your car abroad and think you will exceed the 90 days cover in this period of insurance
(see Section 6 going abroad)
2
Please tell us immediately
?

If you or any driver named on your policy, have been disqualified from driving, yourentitlement to drive has been suspended or withdrawn (revoked) or your driving licence status has changed, for example if you pass your driving test and your licence changes from a provisional licence to a full licence
3
Please tell us when you renew your insuranceOf any motoring offences including fixed penalties, convictions, of driver awareness courses
you or any driver on your policy had during the year, or any pending prosecutions. You will need to tell us of the DVLA offence code if applicable.


So, yeah, he should have told them; Lesson learned!