Insurance changed cover & cost
Discussion
About 18 months ago, I took out cover on my old 3 series. A few months in and I declared a series of modifications, so the premium increased. Last September, the renewal wasn't offered and cover was found (by the broker) with another company. No problem and the 2nd year of cover commenced. About 4 weeks ago, I received a letter that stated the new insurers required a copy of my V5 and both parts of my licence, which I sent in. Today. I get a letter that states my policy is being cancelled due to my not declaring a near 3 year old IN10 offence on my licence. (I had thought I was covered to drive my partners car third party. I wasn't and was rightfully prosecuted). My problem is that when I took the first policy out, I declared the conviction. However, this was not carried over when the broker sought the second policy, yet it is I being penalised. They will obtain cover but the policy will now cost 4 x the original premium! The fact is, I know I declared my conviction. I wasn't going to make the same mistake a second time. The insurance broker say they don't have the records confirming this though?
Is this something anyone else has had happen?
My concern is that should I now search for a new policy, I have to declare a cancelled policy. Am I correct in thinking this will go against me?
Is this something anyone else has had happen?
My concern is that should I now search for a new policy, I have to declare a cancelled policy. Am I correct in thinking this will go against me?
Surely if they are offering an increased premium you can call them now to voluntarily cancel the policy before they do so - no need to declare a cancellation then 
Other than that it is your job to make sure that the detials of the policy are correct when its sent to you - you didn't pick it up, so your error, could have been far worse though!
Just do the above and cancel the policy yourself whilst requesting NCB proof (cancel the DD/card you use to pay before they try to take anything from you though) and set up a new policy (via a comparison site?) but check your details over the phone when they run through it before paying this time
Other than that it is your job to make sure that the detials of the policy are correct when its sent to you - you didn't pick it up, so your error, could have been far worse though!
Just do the above and cancel the policy yourself whilst requesting NCB proof (cancel the DD/card you use to pay before they try to take anything from you though) and set up a new policy (via a comparison site?) but check your details over the phone when they run through it before paying this time
kiethton said:
Other than that it is your job to make sure that the details of the policy are correct when its sent to you - you didn't pick it up, so your error, could have been far worse though!
I take your point, but having been on cover via this broker for over a year, I assumed they would simply transfer over the same details. Wrongly, as it turns out.They say my policy is already cancelled, although it runs till the 22nd to allow me to organise different cover or accept the new company/premium? A just from £213 to £840 is a bitter pill to swallow.
Presume the insurer of 18 months ago was advised of the IN10 endorsement by the broker? In blunt terms, the broker was made aware of the IN10 by the OP in August 2012?
If so, they should have had this info to pass to the new ins co 6 months ago... Kick 'em in the flange.
If not...
It's always the questions no-one asks which gets the most interesting answers
!
If so, they should have had this info to pass to the new ins co 6 months ago... Kick 'em in the flange.
If not...
It's always the questions no-one asks which gets the most interesting answers
!This thread highlights the importance of reading the paperwork and not taking things for granted. The contribution above is complete rubbish.
Insurance is a special category of contract which places a special onus upon YOU to make sure the insurer knows what they need to know.
Unfortunately once you have had insurance cancelled that is itself something which must be told to any new insurer.
The Consumer Insurance Act came into force on 6th April 2013. It includes a duty (on you) to check your renewal notice and notify your insurer if the information held about your circumstances has changed or is incorrect. The detailed wording is, "A failure by the consumer to comply with the insurer’s request to confirm or amend particulars previously given is capable of being a misrepresentation for the purposes of this Act".
Insurance is a special category of contract which places a special onus upon YOU to make sure the insurer knows what they need to know.
Unfortunately once you have had insurance cancelled that is itself something which must be told to any new insurer.
The Consumer Insurance Act came into force on 6th April 2013. It includes a duty (on you) to check your renewal notice and notify your insurer if the information held about your circumstances has changed or is incorrect. The detailed wording is, "A failure by the consumer to comply with the insurer’s request to confirm or amend particulars previously given is capable of being a misrepresentation for the purposes of this Act".
Ozzie Osmond said:
This thread highlights the importance of reading the paperwork and not taking things for granted. The contribution above is complete rubbish.
Insurance is a special category of contract which places a special onus upon YOU to make sure the insurer knows what they need to know.
Unfortunately once you have had insurance cancelled that is itself something which must be told to any new insurer.
The Consumer Insurance Act came into force on 6th April 2013. It includes a duty (on you) to check your renewal notice and notify your insurer if the information held about your circumstances has changed or is incorrect. The detailed wording is, "A failure by the consumer to comply with the insurer’s request to confirm or amend particulars previously given is capable of being a misrepresentation for the purposes of this Act".
Having had a night to sleep on it, I have resigned myself to paying the increased premium but hope I can get a better quote that £864 for a limited mileage of 1000 miles! Insurance is a special category of contract which places a special onus upon YOU to make sure the insurer knows what they need to know.
Unfortunately once you have had insurance cancelled that is itself something which must be told to any new insurer.
The Consumer Insurance Act came into force on 6th April 2013. It includes a duty (on you) to check your renewal notice and notify your insurer if the information held about your circumstances has changed or is incorrect. The detailed wording is, "A failure by the consumer to comply with the insurer’s request to confirm or amend particulars previously given is capable of being a misrepresentation for the purposes of this Act".
I've made a couple of applications for new quotes and await their figures. Being a modified car, they have to check with underwriters. One bonus of this has been that it seems I have 4 years NCB and not just 1, as previously thought.
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