Thursday 17th February 2011
Be Wiser Insurance

A quarter of motorists in the UK risk their car insurance policy by withholding information from the companies providing them with cover, it has been reported.

Research from Confused.com stated that more than 95% do this despite the fact that they know it is wrong and can get them in trouble. People should get in touch with their insurers as soon as they receive licence points or pick up a driving conviction said the managing director of the company.

She said: "In the worst case scenario you could land yourself in hot water with the police and get a record for fraud, making it difficult and considerably more expensive to get cover in the future."

An insurance contract is one of good faith which means that all parties involved are under a strict duty to deal fully and frankly with each other. Customers must divulge relevant facts to the insurance company; things such as any points on their licence, any named drivers who have points or convictions, a change of address or status.

Non-disclosure is a form of fraud and can result in non-payment by the insurance company in the event of an accident or in extreme cases prosecution and a prison sentence.

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