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Commuter_Tim |
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Commuter_Tim World Chat Champion
Joined: 09 May 2013 Karma :
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Posted: 02:56 - 03 Jun 2017 Post subject: Insurance Minefield, do I need to declare? |
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So about a year back, some dickhead stole my bike and dumped it in a bush down the street...
Patricia Popo couldn't wake me up with my earplugs in, so she called the Insurance.
My insurer then tried to start a theft claim on a TPO policy
Despite very sage BCF advice, I got complacent and didn't follow up with the complaint.
Ignored the entire matter hoping it would go away, and it did.
Now it comes to getting a new policy, I want to be above board, but the following question I don't know how I should answer:
https://cdn.bcf.44bytes.net/files/loss.jpg
It's the bit about "...or if a claim is made" that makes me think I might be screwed, how do I stay legal but not fuck myself?
I should add, I got my 1 yr NCB notification in the renewal reminder.
However I wonder is a claim seperate from a loss and I'm obliged to detail it?
Is it still a "loss" if I got it back? (at a ransom) ____________________ The above post is most likely nonsensical.
I ride a Bandit 600... badly. |
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defblade |
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defblade World Chat Champion
Joined: 30 Apr 2009 Karma :
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Posted: 07:06 - 03 Jun 2017 Post subject: Re: Insurance Minefield, do I need to declare? |
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Commuter_Tim wrote: |
Is it still a "loss" if I got it back? (at a ransom) |
Until you mentioned "at a ransom", I was thinking if the bike was dumped in a bush and then you got it back and it was OK, you've had no loss. There is no way the police's charge will be recorded in any place that insurance will have access to... and anyway, it's an expense, not a loss... if a recovery/storage fee counts as a loss, then everyone who has broken down and been recovered or ever paid for parking has had a "loss".
I'd cheerfully tick "no" and if anyone ever queries it, "Police found my bike before I even knew it was gone, I got the bike back, no loss, no claim." ____________________ Honda Varadero 125cc => Suzuki Bandit 650 33bhp => 77bhp =>
BMW K1200R Sport 163bhp => Aprilia Shiver GT 750 95bhp |
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arry |
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arry Super Spammer
Joined: 03 Jan 2009 Karma :
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Posted: 08:27 - 03 Jun 2017 Post subject: |
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Police stole it and blackmailed him for a recovery fee. ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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Wafer_Thin_Ham |
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Wafer_Thin_Ham Super Spammer
Joined: 18 Nov 2005 Karma :
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Posted: 09:30 - 03 Jun 2017 Post subject: |
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Rogerborg wrote: |
Police stole it and blackmailed him for a recovery fee. |
Did the insurance pay it, or did the OP pay out of his own pocket?
If you paid it, then no problem. ____________________ My Flickr
Last edited by Wafer_Thin_Ham on 18:43 - 03 Jun 2017; edited 1 time in total |
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Rogerborg |
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Rogerborg nimbA
Joined: 26 Oct 2010 Karma :
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Posted: 09:35 - 03 Jun 2017 Post subject: |
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Wafer_Thin_Ham wrote: | Did the insurnace pay it, or did the OP pay out of his own pocket?
If you paid it, then no problem. |
"Have you had any motor accidents, claims or losses in the past 5 years, no matter who was at fault or if a claim was made?"
I'm not saying that OP should declare it, but the broker/comparison site is. ____________________ Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike |
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arry |
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arry Super Spammer
Joined: 03 Jan 2009 Karma :
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Posted: 10:08 - 03 Jun 2017 Post subject: |
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Rogerborg wrote: |
Police stole it and blackmailed him for a recovery fee. |
I'd argue he's had no losses related to motor insurance; that's no different to having to pay to get your car back after it got towed. |
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M.C |
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M.C Super Spammer
Joined: 29 Sep 2015 Karma :
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Posted: 11:07 - 03 Jun 2017 Post subject: |
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Try it, they'll soon let you know if you're wrong |
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Alpineandy |
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Alpineandy World Chat Champion
Joined: 18 Mar 2015 Karma :
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Wafer_Thin_Ham |
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Wafer_Thin_Ham Super Spammer
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Commuter_Tim |
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Commuter_Tim World Chat Champion
Joined: 09 May 2013 Karma :
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Posted: 18:46 - 03 Jun 2017 Post subject: |
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Wafer_Thin_Ham wrote: | Rogerborg wrote: | Police stole it and blackmailed him for a recovery fee. |
Did the insurnace pay it, or did the OP pay out of his own pocket?
If you paid it, then no problem. |
Let's be clear now, Rog didn't pay my ransom.
M.C wrote: | Try it, they'll soon let you know if you're wrong |
Good point, their wording is confusing, so there is no intent to mislead on my part.
Plus the cheapest guys are the same ones this shit all happened with anyway, so as you mention they should bring it up if they think the answer should be yes.
Yeah I am stupid enough to re-sign back up with same people, it's the cheapest.
So it sounds like I can reasonably state I have incurred no motor insurance losses, hopefully if I'm wrong the worst that would happen is I end up having to pay whatever extortionately increased rates they come up with?
That image was from Comparethemarket anyway, will find out shortly if the actual insurer offers different phrasing. ____________________ The above post is most likely nonsensical.
I ride a Bandit 600... badly. |
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M.C |
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M.C Super Spammer
Joined: 29 Sep 2015 Karma :
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Posted: 21:05 - 03 Jun 2017 Post subject: |
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They might do, or they might as with polarbear's daughter () cancel the policy, although I believe that was for incorrectly declaring an accident. |
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Commuter_Tim |
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Commuter_Tim World Chat Champion
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arry |
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arry Super Spammer
Joined: 03 Jan 2009 Karma :
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Posted: 09:29 - 04 Jun 2017 Post subject: |
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CIDRA 2012 disclosure and misrepresentation.
https://www.mills-reeve.com/mulling-over-cidra/
Deliberate versus careless the important marker. Note insurer can still avoid the policy if the truth had been known they can solidly prove they'd not have taken the policy at any terms - so if you are going to lie and pretend ignorance then you wouldn't want to be doing it with something you're pretty sure is going to be outside of a standard motor insurer underwriting strategy (criminal conviction, for example). Something they'd accept at just more premium? Most of the time they'd just make you pay the additional premium. If it's serious enough though, they'll proportional remedy you and that can work out bad. |
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Commuter_Tim |
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Commuter_Tim World Chat Champion
Joined: 09 May 2013 Karma :
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Posted: 17:42 - 04 Jun 2017 Post subject: |
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arry wrote: | CIDRA 2012 disclosure and misrepresentation.
https://www.mills-reeve.com/mulling-over-cidra/
Deliberate versus careless the important marker. Note insurer can still avoid the policy if the truth had been known they can solidly prove they'd not have taken the policy at any terms - so if you are going to lie and pretend ignorance then you wouldn't want to be doing it with something you're pretty sure is going to be outside of a standard motor insurer underwriting strategy (criminal conviction, for example). Something they'd accept at just more premium? Most of the time they'd just make you pay the additional premium. If it's serious enough though, they'll proportional remedy you and that can work out bad. |
That's fairly re-assuring thanks.
I think they would have trouble proving they wouldn't have insured me otherwise, since with their prior knowledge they still sent me a renewal and were ready to autorenew until I called them.
The renewal price was a fair amount more than what I actually signed back up with them for (but less than the original year) and they were only taking into account 1 year NCD rather than my actual 4. (I was using them on another vehicle, now sold).
Those Insurance/comparison bitches need to elaborate more with their words, for people who take wording so seriously when playing with peoples finances, they are more vague and confusing than Adam fucking Aarons.
When the comparison site redirected me to the insurers, they offered no further questioning, or revision of questions asked, so the wording above is really all I had to go on.
I'm curious what proportional remedy means in this circumstance though, does their "remedy" often end in cancellation or just a black mark? ____________________ The above post is most likely nonsensical.
I ride a Bandit 600... badly. |
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arry |
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arry Super Spammer
Joined: 03 Jan 2009 Karma :
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Old Thread Alert!
The last post was made 6 years, 327 days ago. Instead of replying here, would creating a new thread be more useful? |
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