Not declaring facts is misrepresentation-your risk turns high risk.
Jack Humphrey : Can the new insurance company find out that not reported with DMV but claimed with the current insurance company.
I want to change my auto insurance comp, I have claimed an accident with it for which i did not get a ticket. So will it matter if I don’t report it to the new company while asking for quotations? Do insurance companies talk to each other or share data?
Response : Jack, let me clarify that if something is not on the record of the DMV, it cannot be seen by any insurer. The previous insurance company does have your record, but the present company will not be talking to the other companies and will not find out at the moment.
However, if at any future date you have a claim and investigation is carried on by the insurance company than this would be considered a material misrepresentation since it directly affects the underwriting decision of whether the policy would have been accepted or not and so the insurance company would void your policy. Your risk would be placed under the high risk category and this would be loaded almost on the same lines as drunk driving – sr22 car insurance or even high ratings. You are inviting higher premiums or infact rejection by any insurance company for this risk since no insurer would believe that you are disclosing the right facts.
Just to avoid paying higher premiums it is unadvisable and wrong to misrepresent the actual facts. Instead you should try to go for comparing online quotes or asking the agents for quotes. You can get cheap DUI quotes and high risk quotes, if you make a slight effort of looking for this quotes online by yourself or through agents. The choice is yours.
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DUI Car insurance
Tagged with: Actual Facts • Auto Insurance • Car Insurance • Current Insurance Company • Dmv • Drunk Driving • High Risk • Insurance • Insurance Comp • Insurance Companies • Insurer • Jack Humphrey • Material Misrepresentation • New Insurance • Premiums • Present Company • Quotations • Quotes • Rejection • Risk Category • Share Data
Filed under: DUI & SR22 insurance • High risk car insurance
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Interesting Article. Hoping that you will continue posting an article having a useful information. Thanks a lot!
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