Points & insurance

[der1]

What's the rules on informing insurance about points? for example is there a specific time limit?

I'm right in saying that it can't effect this years premium?

[anonymous-user]

Ring them and tell them once they're on your licence.

[SS2.]

What does your policy say about declaring endorsements or convictions ?

[ScoobyChris]

In my (very limited) experience, the insurers were only interested come renewal time.

Chris

[grumpyscot]

ScoobyChris said:

In my (very limited) experience, the insurers were only interested come renewal time.

Chris

Or until you made a claim! Then they decline to pay out as you haven't informed them. You need to check the T&Cs - many say you must immediately advise them.

[andy-xr]

When you get your licence back (or I guess you dont now there's no paper thing)

Actually, I dont know how that would work, but when I got mine once I had the code stamped on the licence I called the insurers up and let them know

[Durzel]

It's a material fact.

I would be concerned that non-disclosure would be used against me, but I'm very much of the mindset of declaring everything and being reassured that I'm actually insured, than paying money for a piece of paper that is actually worthless (or at least a potential headache if/when I needed to claim).

[TwigtheWonderkid]

grumpyscot said:

ScoobyChris said:

In my (very limited) experience, the insurers were only interested come renewal time.

Chris

Or until you made a claim! Then they decline to pay out as you haven't informed them. You need to check the T&Cs - many say you must immediately advise them.

Nope, they can't do that. Even insurers are bound by regulations. So long as the info they have on you was accurate at inception (or the last renewal if policy is in it's 2nd or more year), then you are fine. You don't have to disclose convictions until the following renewal.

Some insurers ask to be told straight away, but only so they can note their records for next renewal. They think you are more likely to forget at renewal which could be 11 months since the offence, so they ask for the client's protection. But they cannot charge you extra money or impose terms mid policy, or refuse a claim having not been told mid term.

Ignore all the other crap people spout.

Edited by TwigtheWonderkid on Friday 26th June 16:59