June 25, 2024
Insurance

Common falsehoods found on automobile insurance applications

We’d all love more affordable car insurance, and at Adrian Flux, our goal is to ensure that customers receive a personalized, cost-effective quote.

However, in our quest for the best deal, some of us are not entirely truthful when providing essential information for the perfect policy. Here, Adrian Flux exposes common lies on car insurance forms and their consequences.

1. Failure to disclose car modifications

If you make modifications to your car that alter its appearance or performance, it is crucial to inform your insurer. Adrian Flux specializes in insurance for modified cars, so contact us for a tailored quote.

2. Misrepresentation of your license status

Be honest about whether you hold a provisional license or a license from outside the EU. Some insurers only accept full licenses from the EU and select other countries.

3. Failure to disclose previous claims

It is essential to inform your insurer of any claims or accidents within the last three years, regardless of fault or settlement status. Providing proof of your claims history is necessary for a no claims discount.

4. Providing false information about vehicle storage

Misrepresenting where your vehicle is kept overnight can void your policy. Insurers can verify this information using tools like Google Street View.

5. Concealing the usage of the vehicle

If you use your car for business purposes, be sure to disclose this to your insurer to ensure proper coverage.

6. Withholding information about motoring convictions

Failure to disclose motoring convictions from the past five years can lead to policy cancellation. Learn more about motoring convictions and their impact on insurance.

7. Fronting – insuring a young driver under an older driver’s name

Insuring a young driver’s car under an older driver’s name can have serious consequences. Ensure that the main driver is correctly stated to avoid issues.

8. Underestimating annual mileage

Providing inaccurate information about your annual mileage can affect your policy. Inform your insurer if your driving habits change.

What are the consequences of lying to your insurance company?

While lying may seem like a cost-saving measure initially, it can result in severe repercussions when making a claim. Insurers have ways to verify information and may investigate suspicious policies or claims.

Lying on an official insurance form is considered fraud and can lead to policy cancellation and claim dismissal. Explore legitimate ways to reduce insurance costs, including over 20 money-saving tips.

FAQ

Q: Can I save money by providing false information on my insurance application?

A: While it may seem like a shortcut to lower premiums, providing false information can have serious consequences, including policy cancellation and claim denial.

Conclusion

At Adrian Flux, we prioritize honesty and accuracy in insurance applications to ensure appropriate coverage and fair premiums. Contact us for personalized insurance quotes tailored to your specific needs and driving history.

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