Motor Insurance quote following drink driving conviction

[DrMoriarty]

Or to invalidate cover in the event of a claim, as Jimbobp and mathepac have pointed out.

The principle is called Uberrima fides. Ignore it if you want to.

Insurers employ large teams of staff to (a) sell as many insurance policies as possible, and (b) find grounds to eliminate or minimise their liability in the event of any claims arising. Not disclosing a previous accident — even if no claim arose from it — is ample grounds to invalidate cover. You might as well stick a fake insurance disk on the car and tell yourself you're getting away with it.

 

[Moral Ethos]

How the hell are they going to find out about all those minor damage scrapes? Do we live in North Korea where big brother knows all? I didn't think so.

 

[mathepac]

You miss the point. By breaching the principle linked to by the good DrMoriarty above, the contract for insurance cover is already overturned, gone, busted, broken, at an end, finito, etc. To quote from the above article "... Good faith forbids either party, by concealing what he privately knows, to draw the other into a bargain from his ignorance of that fact, and his believing the contrary...".

Is that any clearer? The act of withholding material facts ends the contract between insurer and insured.

 

[Pat Bateman]

The act of withholding material facts ends the contract between insurer and insured.

The key word being "material"...a "claim" settled between two parties regarding a minor incident with a trolley in a car park shouldn't be considered material.

 

[Moral Ethos]

Exactly.

 

[Nermal]

The key word being "material"...a "claim" settled between two parties regarding a minor incident with a trolley in a car park shouldn't be considered material.

The test is whether a reasonable person would think it would affect the judgement of an underwriter. If it would, maintaining utmost good faith requires reporting it.