My insurance company is looking for a loop hole.....Advice please!.

[imdying]

Edit: Just realised I've posted over 1000 posts. Jesus, how did you guys put up with all that dribble?

You'll be our Rebel Leader yet!

[kickingzebra]

Hmm... Beginning to think I might be in the shit if i have a major claim... They paid on a minor one, I suspect they didn't check my record for what it was worth... How long is the disclosure period for insurance? If I recall rightly, i only have to not do anything too dodgy for another 2 years, then my 5 years is up, and it shouldn't matter. Is that right???

[Lou Girardin]

Edit: Just realised I've posted over 1000 posts. Jesus, how did you guys put up with all that dribble?

1000!
Fuckin' amateur.

[Ixion]

Hmm... Beginning to think I might be in the shit if i have a major claim... They paid on a minor one, I suspect they didn't check my record for what it was worth... How long is the disclosure period for insurance? If I recall rightly, i only have to not do anything too dodgy for another 2 years, then my 5 years is up, and it shouldn't matter. Is that right???

No, it dates from when you first took out the policy.

[kickingzebra]

Maybe if I change insurer at the 5 year after last indiscretion mark?

(not meaning to highjack your thread FS. I have had to fight the big insurance companies before, in fact every claim I have ever made has been a fight, the thing I wished I had done is kept notes of EVERY phonecall, cause they will conveniently forget that they always record their phonecalls, and tell every lie under the sun to make you go away, In my personal experience)

[Ixion]

I guess that would probably work. or just cancel the policy and start another one. Logic is based on the idea that you need to tell them stuff when first taking out the policy. So they can't say "Well, shit, if we'd known *that* we'd never have agreed to insure you in the first place. You done suckered us into giving you a policy". Which is why it dates back to the time you took the policy out.

In theory, the disclosure does not have a time limit. The 5 year thing is just for practicality.

[kickingzebra]

See, they asked me if I had ever lost my license, I was like, no I've had speeding tickets, but never lost my license... (license suspended, now that is another story... thought I was a smart cookie at the time, but beginning to grow up now, major liability issue... fook!!)

[bugjuice]

1000!
Fuckin' amateur.

you're one to talk..

[pritch]

1000! Fuckin' amateur.

We can't all play on the computer all day when we're actually s'posed to be toiling away :-)

Said he who has to use a manual smiley 'cause the security at work won't let me use the others...

[2much]

Well at this stage mate, it doesn't sound like you have too much to worry about. Just sit back and wait to see what the do first.

BTW, how did they find out about these 2 tickets?

[eliot-ness]

So the insurance company is saying its only duty of care to accept the information you provide to them is correct is when you make a claim? They're happy to accept your premium payments on the voracity of the information you provide and only check this when you claim? They should be exposed and subjected to public ridicule.

Voracity Mr Hitcher sir. Surely not

[surfchick]

oooooooooooggggrrrrrrhhh
i hate it when the beurocracy gets bogged in fineprint bollocks -at the best it's a huge waste of your time when they should be paying out-you payed your policy so they should pay out. case closed.
fight for your money. i sooo hope you get it.

[Suzi Q]

The question regarding criminal convictions and traffic offences relates to the last 5 years, and speed camera tickets do not count. Always tell the Insurance company when you have ahd another speeding ticket or at least tell them at renewal. Always check the sum insured - make sure it reflects the current value of your bike.

Maybe if I change insurer at the 5 year after last indiscretion mark?

(not meaning to highjack your thread FS. I have had to fight the big insurance companies before, in fact every claim I have ever made has been a fight, the thing I wished I had done is kept notes of EVERY phonecall, cause they will conveniently forget that they always record their phonecalls, and tell every lie under the sun to make you go away, In my personal experience)

[HenryDorsetCase]

Do you think that the insurance company can decline my claim for this very reason???

Yes. NZ's insurance law has a feature that ANY non disclosure (whether material or not to a claim) means that the claimant has breached their duty thus enabling the insurance co to get out of their side of the deal i.e. pay the claim. They have a whole department of the company dedicated to finding reasons NOT to pay remember (they are called claims adjusters but really, who is fooled by that).

I bloody hope not!. Has anyone been through this situation before??? I had a friend who had his insurance claim declined due to not letting them know about a speeding fine even though after taking them to court he still has his claim declined.

Am I going to be stuck with a wrecked bike worth jack diddly squat and still have to pay the thing off??? I bloody hope not!.

quite possibly.

One avenue I can suggest is that if you need to you find out the name of the drone you were dealing with at the time of the conversation, and then record that in a letter to the company. My point being that your phrase "I think thats it" and her response "Thats fine" might constitute a reasonable attempt on your part to provide full disclosure, and their acknowledgement that you had made that effort and that the co was satisfied.

Your best bet for recovery is the Disputes Tribunal because the DT doesnt have to abide by the letter of the law, and its as cheap as chips, so even if you file and lose, you havent added too much insult to injury.

Good luck. You might need it.

[Oscar]

The question regarding criminal convictions and traffic offences relates to the last 5 years, and speed camera tickets do not count. Always tell the Insurance company when you have ahd another speeding ticket or at least tell them at renewal. Always check the sum insured - make sure it reflects the current value of your bike.

Wrong.
Speed Camera convictions do count.
Goes to driving record/attitude.