Do you need to tell your Insurance company when the renewel is due that you got caught speeding? I take it a speeding fine and 3 points is not a conviction, so when the Insurance company asks me "do you have any covictions?" i say no right? and thats the end of it.

 

Your'e insurance company can and will use any excuse to not pay you if you need to make a claim it's upto you if you tell them i did for an sp50 and it made no differance

 

WHen they say any convictions, they are actually asking about points etc. 3 points should make diddly-squat difference with most insurers because they know its due to persecution of drivers.

Andy

 

Generally what they ask you to tell them about at renewal (or when taking out a new policy) is convictions or prosecutions including fixed penalty offences not forgetting any pending convictions or offences.

And don't rely on just one offence not making any difference as a few companies still load you for just 3 points.

 

You have to tell them. They will ask for the conviction code and record it

 

you do have to tell them and it made a big difference to my policy almost £100 added on for a SP30!!!

Dan.

 

Most insurers will use any damned excuse for increasing your premium, points etc, and don't forget, there is tax on insurance too, so good old Tony B will get your £60 fixed penalty and more tax from an increased premium!

 

I am a Lawyer, who specialises in insurance law, and many of my clients are major insurers. I see people make this mistake all the time.
Sorry to be the bearer of bad news, but if you fail to notify your insurer of your conviction upon renewal and they take the point ( which they would in the event of a big claim):
1) You have not acted in good faith upon renewal, and the insurers will refuse indemnity for material non disclosure/ misrepresentation.
2)The chance of you being paid out on a claim for damage/ theft to your vehicle would be non existent. The insurer will ask for your license.
3)If you were liable for third party damage ( which could run into millions in the event of a serious accident), the insurers have to pay the third party all uninsured losses (e.g. personal injury) because of their obligations to do so under S152 of the Road Traffic Act. However, they may ask the court for a declaration that they do not have to pay the third party insured losses( e.g. the other party's comp vehicle damage). You would have to pay this yourself.
4) Whilst the insurers will have to pay the third party uninsured losses ( e.g that £2m to the paraplegic), they then have a statutory right of recovery against you under S.152(8) of the Road Traffic Act. You lose your house, car and are probably made bankrupt.
5) Needless to say, my advice is to tell your insurer about your conviction ( which it is). One speeding conviction should not make a difference to premium.

 

Insure with Liverpool Victoria - they only care if you have been banned in the last 5 years.....

 

My current provider wanted an extra £300 for an SP30 !!!!!!!
Bloody rip off merchants IMHO, and yes I will be changing my insurance company for my renewal.