WHEN I PURCHASED INSURANCE I NEVER TOLD THE INSURANCE COMPANY MY CAR WAS IN A ACCIDENT. MY CAR WAS STOLEN AND THEY FOUND OUT ABOUT AN ACCIDENT I HAD JUST PRIOR TO ME GETTING INSURANCE. CAN THEY DROP ME AND NOT PAY THE CLAIM OR CAN I MAKE THEM STAY TRUE AND PAY THE CLAIM SINCE THE CAR WAS STOLEN AND IT HAS NOTHING TO DO WITH THE ACCIDENT?
2007-01-04 01:30:17 · 6 answers · asked by Christopher D 1 in Cars & Transportation ➔ Insurance & Registration
If you answered a question untruthfully, in other words if they had a question on the application about previous losses and claims, and you said none, they have every right to deny the claim.
2007-01-06 18:05:23 · answer #1 · answered by Fred C 7 · 0⤊ 0⤋
Depending on the state you live in and the terms of the policy for that insurance company they may not any longer be legally obligated to recover your vehicle nor may they be obligated to pay for the damages as a result of the theft if it was recovered.
Insurance company don't like to pay it's a simple fact. Insurance companies is a company you pay and you don't get anything back LOL. When you have some sort of accident or severty where they are required to pay they will find every which way to get out of it. One of the first things they try to do is reasearch the situation and try to verify everything you told them is true. Since they have found out about it that leaves me to believe they wanted to find something so that they have something to hold against you. An example is if you say your occupation is a Scientist your premium may be lower then if you say your a floor cleaner. People lie and say they are this and that they drive less then 5 miles to work. When you have an accident they will ask you all this and find your lying. Then they have reason to refuse you.
However, insurance companies want to make money. So instead of making you angry and refusing your claim. They will concoct some sort of figure that you must pay them they will make the whole thing like it never happened. In that situation you still stay with them as a customer and they make more money over nothing that never really had any relivance in the theft.
2007-01-04 09:38:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The insurance company should honor the claim, providing you had full coverage on the stolen vehicle which should include other than collision or comprehensive coverage. Your policy was written with the knowledge about the prior accident because a motor vehicle report and a clue report was obtained prior to writing your policy. Depending on the company's policy, if you are deemed unacceptable because of too many accidents or minor or major violations, the company could decide not to renew your policy once the term is up. In certain situations, the insurance company could cancel mid-term, but this wouldn't be likely if you are an acceptable driver under the company's guidelines.
2007-01-04 09:48:58 · answer #3 · answered by ilikehmj2 1 · 0⤊ 0⤋
o.k...This is the first time I am responding with an answer to the many quests of perspective...With regards to the Vehicle Insurance with a past track record for anyone...it is all taken into concideration to comply with a standard guideline...although if a person was to check with 10 different Insurance Co.'s and/or maybe your relative owns one and will do whatever they can to give you the best possible rate given the concideration of a accident on record file...grant it - it is not like a D.W.I. related accident of legal matter to have multiple charges stem from the accident given...
2007-01-04 09:59:19 · answer #4 · answered by dakotawindss 1 · 0⤊ 0⤋
I wouldn't worry. Insurance companies do a complete check of your driving record before they insure you. If they didn't its their problem unless they asked you on the application and you lied.
2007-01-04 09:37:48 · answer #5 · answered by R1volta 6 · 0⤊ 0⤋
the claim isnot payable as law of utmost good faith has been breached
2007-01-06 10:21:49 · answer #6 · answered by ? 4 · 0⤊ 0⤋