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Do/can Insurance Companies Check The Following?

Unemployment Insurance and Employment Discussion

Do/can Insurance Companies Check The Following?

Postby Yehudi » Wed Sep 27, 2017 3:00 pm

Hi
1. Are insurance companies able to check personal data like your address, weather you are unemployed/employed and who are working for?
2. Suppose an insurance company cancelled your policy because you used a wrong address. Would they blacklist you i.e. will other insurers know that you have previously had insurance cancelled or is this something they would not know about?
Yehudi
 
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Do/can Insurance Companies Check The Following?

Postby Marlow » Thu Sep 28, 2017 1:06 am

An insurance company will not check the details you give them unless you have a claim. If they then find that any of the information you gave them was incorrect they will use it as a reason to refuse the claim.

When you take out insurance one of the questions is "Have you ever had insurance cancelled or refused?".

If you say "No" and they then find out you had, again they will use it as a reason to refuse your claim.

Insurance companies use a central database which lists people who've had insurance cancelled.

An insurance company will assume that using a wrong address was an attempt to defraud them.

Once you've had a policy cancelled you will find it difficult and expensive to get insurance.
Marlow
 
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Do/can Insurance Companies Check The Following?

Postby Bamard » Thu Sep 28, 2017 10:09 am

1. They can do, although they probably won't do unless they have reason to be suspicious, or you make a claim. If you make a claim, they will check everything before they pay out, and if anything isn't right they will not pay out, leaving you with a fine for having no insurance (which will then make future insurance very expensive), having to pay your own costs plus the costs of any damage you caused to anyone else or their property, and possibly being investigated by the police for insurance fraud.

2. The fact that you have had a policy cancelled will be recorded and shared with other insurance companies. Every company will ask when you take out a policy if you have ever had insurance cancelled, and failure to disclose this would be considered fraud, and lead to the same consequences as above. Insurance companies will either refuse to quote or quote a much higher amount if you have previously had insurance cancelled unless there was an innocent reason (such as you moved to an area which your existing insurer refused to cover).

Don't lie to an insurance company, because if you do they will still take your money but will refuse any claim. Lets say your policy cost £2,000 but your could get it down to £1,500, your choice is:

Pay £2,000 for insurance cover

or

Pay £1,500 for nothing but the risk that you get convicted of driving without insurance and insurance fraud, and have to pay any third parties costs, leaving you out of pocket and with very expensive insurance for many years to come.

I know which looks better value to me.
Bamard
 
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Do/can Insurance Companies Check The Following?

Postby Alfred » Sat Sep 30, 2017 3:22 pm

1. They will nearly always want to see a copy of your drivers licence at the start of the policy and always if you make a claim. The other things you mention may get checked as part of a credit check if you are going to be paying monthly

2. If they consider it fraud then you will be placed on the fraud register.

Lying to an insurer nearly always ends in tears
Alfred
 
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Do/can Insurance Companies Check The Following?

Postby Cleit » Mon Oct 02, 2017 10:12 pm

1. Yes for the address, no for the employer/employment status.

2. If you lie about your address in order to get lower rates, that's fraud, and your name will show up to every insurance company in the country. It will be extremely difficult and expensive, if not impossible, to get insurance again.
Cleit
 
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Do/can Insurance Companies Check The Following?

Postby stewert36 » Tue Oct 03, 2017 12:44 pm

So, what you are really asking is, "Can I commit insurance fraud and get away with it?"

The answer is "No".

You can go to prison for insurance fraud.
stewert36
 
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Do/can Insurance Companies Check The Following?

Postby Leopold » Tue Oct 03, 2017 1:19 pm

Insurers have access to the Central Underwriting Exchange database, so if you have had a claim or conviction or insurance fraud or anything dodgy like that in the past, your insurer will have added it to the database, then if you go to another insurer and you don't disclose it to them, the computer will highlight the discrepancy between your application and the database. They will still put you on cover initially, but they will write to you and ask you to explain why you didn't tell them, and if you can't come up with a good answer, they can void your insurance for non disclosure. When they do void it, that would also go on to the database.

Also, they can cross check it against the electoral roll. If you are registered to vote at one address, and your insurance is based at another, they will query this with you and again, they can void the insurance if they suspect fraud. Some insurers are also reporting insurance fraud directly to the police and are pressing for people to be taken to court and charged with fraud as it is getting out of hand and insurers are losing millions every year to fraud.

In addition to the above, when you claim, the insurer will ask for a copy of your licence, so unless you have lied to DVLA, which is a separate offence of fraud, they will see the address on your licence differs to the address on the policy and you will have some explaining to do.

If you get stopped at the roadside by the police, they also check the address on your insurance and they can seize your car if it's different as the insurer will tell them that they are voiding the insurance due to it being obtained by deception.

Insurers know every trick in the book and will catch you if you lie to them. You only need to get caught once and you will find it very hard to get insured elsewhere.
Leopold
 
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Do/can Insurance Companies Check The Following?

Postby Penvro » Wed Oct 04, 2017 2:25 pm

Insurance companies can and will do everything in their power to avoid liability; but not before they've pocketed your premium.
Penvro
 
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Do/can Insurance Companies Check The Following?

Postby Xalvador » Fri Oct 06, 2017 6:05 am

Hi

1. Are insurance companies able to check personal data like your address, weather you are unemployed/employed and who are working for?

2. Suppose an insurance company cancelled your policy because you used a wrong address. Would they blacklist you i.e. will other insurers know that you have previously had insurance cancelled or is this something they would not know about?
Xalvador
 
Posts: 48
Joined: Tue Feb 11, 2014 10:48 am

Do/can Insurance Companies Check The Following?

Postby Roka » Fri Oct 06, 2017 9:26 am

Insurance companies can check your address, but not your employment. However, if you gave a wrong address, or a wrong occupation, if they found out, you could find your policy being cancelled, especially if you were to submit a claim.
All insurance companies have access to a central database, so what your company knows, all the other companies can find out.
Roka
 
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Joined: Wed Feb 19, 2014 2:52 pm


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