Anyone from car insurance broker?
Thing is I had a totally non fault accident 3 years ago and cost of my damage was recovered from the other person. I did claim on my comp policy first though and so the answer should have been Yes.
I have just realised this now on rechecking a copy I made of the proposal form. I cannot get through to the broker and have already made payment on the policy which is not yet in force.
Can the insurance company now refuse to insure me altogether?
It was a genuine mistake which I just want to rectify. Will they offer me terms on increased premium or are they likely to take issue with my initial non disclosure?
I am aware I need to disclose this or my policy will be invalid.
Answers:
don't worry about it! they WILL find it on your CLUE report, but they will simply ask that you provide PROOF that the accident was NON-CHARGEABLE. you can get started on this now. ask your previous insurance co. for a "letter of experience" which will include any claims and whether or not they were chargeable. fax this letter to your new broker w/ your new policy# written on it.
when you answer questions on an applicaiton, you are answering to the "best of your knowledge". making an honest mistake is fine. insurance co. understand that you are human.
hope this helps!
You're not in trouble. The insurance company will find out about all of your prior tickets and accidents. Most companies will surcharge for at fault accidents and tickets from the past 3 years. After that, they will not hold those incidents against you. Other companies, like mine, give you extra discounts if you're accident and ticket free for 5 years.
In addition, if the company your broker is trying to write you in doesn't accept your record or if the premium is too high, then they can find you another company.
If the CLUE system finds your accident and it's coded correctly they will not charge you for that accident. If it's coded a "Q" for questionable then you'll have to provide your new company with a letter from your prior carrier indicating that you were not at fault for the accident.
Bottom line, don't panic it's all fixable.
I wouldnt worry about it too much. The insurance company wants your business and despite a genuine mistake on your behalf, you are trying too rectify it. You need to talk too them and show them proof that there was no loss to your previous insurer and that the claim is definitely finished.
If you have full no claim, it is worth trying Privelege as you could get discount upto 65%. Check it out.
PRIVELEGE http://clkuk.tradedoubler.com/click?p=23.
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