Car Insurance

[Skippy]

But if they don't tell me it's a material fact how am I going to know? And how long after discharge does it stay a material fact?

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[mish1953]

Luoise
Coveritall - got it right .

Finance companies are *****cats compared to Insurance companies .

They will insure you for years and then dump your claim if you havent disclosed that you had spots as a teenager ..

They call themselves risk managers .. and beleive me if you are considered a risk .. then they wont manage .

Mish

[Adam Davies]

Hi
If people in an IVA or Bankruptct do not read this forum then how would they know to disclose bankruptcy or an IVA when taking out insurance if not asked ?
I know John is the expert here and fully understand the need to disclose an IVA/Bankruptcy however my point remains that the question should be asked if the result of not disclosing it will be a rejected claim.
Surely the insurance company would make this a question when the application is taking place and if they do not then they can,t use it to void a claim.
Skippy makes a good point in that if the question is not asked how long after Bankruptcy/IVA are we supposed to disclose it ?
Regards


Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[louiseh]

Best disclose the chocolate addiction, watch c**p TV and once walked under a ladder, when insurance is up for renewal. I'm sure somebody somewhere will consider it a material fact affecting my insurance risk status!

[mish1953]

It's a while since I did my insurance exams ( multi talented me ) .. but Coveritall is spot on ..
"Insurance contracts are based upon “Uberrima Fidei” – utmost good faith. Each party to the contract must make full disclosure to the other of any fact that the OTHER PARTY might consider to be material to their decision to enter into the contract.
"
If you have been BR or IVA then the other party may consider that you are a risk .. its all very fuzzy and some stuff aint written down.. I used to work for a major player in the Insurence industry .. insurance is the purest form of gambling .. dont get me started on re-insurance !

If you think, that they 'might' think, that you should disclose something then you should, but later if you make a claim and they find out that you didnt disclose something that they think might be material then they wont pay .. simple !

Mish

[louiseh]

Any excuse not to pay up in other words!

[amandab]

Hi

There should be no problem with obtaining a new quote. It is unlikely that the insurer will do a credit check if you choose to pay by direct debit. Further information is available here: http://www.homeapproved.co.uk/motor-pre ... -debit.htm

Regards

Amanda

[whoswho]

Cars are so expensive now to run, wish I could fly.......lol.

[look_divine]

a reanult clio DCI which has a diesel engine is only £35 to tax for a full year
wish i could find one there like gold dust lol

[Skippy]

I changed my car last month and I wish I'd gone for the diesel version as the tax on a diesel 1.4 Ford Fiesta is only £35 a year!

[kallis3]

I was quite surprised to read all that about the insurance. Surely if your premium is paid, your car is covered and that should be it? I have never disclosed to insurance firms that I have had financial problems, there is no question for that on the forms and as far as I am concerned I give them all the information they have asked for.

I agree with Andy as well. People who don't know about this forum wouldn't know about it, and people who join a few months down the line when this thread has been archived won't know either.

I haven't told O2 either, and their T&C do state that they may terminate the contract if you are financially challenged!

[Skippy]

Vodafone knew about my financial situation - I told them and they were fine. I also told Churchill and they were fine with me having car insurance with them - they couldn't understand why I'd told them! We did have a problem with contents insurance though - Norwich Union wouldn't insure us as I was bankrupt.

[kallis3]

Does seem silly to me if you are either paying the premiums monthly or have paid upfront. You need cover as much as the next person.

My contents insurance has been with Norwich Union for years, we do it via the retired PC's association and although it's not the cheapest, it does give us the best cover so we stay with it. We have always paid monthly. They have obviously never checked our credit rating.

Hope there won't be a problem if we ever come to claim off them!

[kabby3]

I would like to respond to this thread...I recently had to attend magisrates court and the magistrate did not know what an IVA was??? How on earth would a call operator at a call centre know waht an IVA was?? If you are ever asked you have a duty of disclosure but if your not at which point to you babble on for 30 minutes about an IVA. Calls are recorded and if your not asked why should you disclose? do we have to walk around with this dark cloud confesing all our sins to 99% of people have not got a clue.
Lastly i have a Renault Megane 1.5DCI and it cost £35 per year to tax...though I got it wrong as I tax it online but its correct xx