Honesty and Car Insurance
Posted on 09. Jan, 2011 by admin in Insurance
Whatever walk of life people are in there is always someone who will try and get one over on the authorities either for the fun of it or for illegal personal gain. Insurance is one of those. We have all read about and indeed some of us may have been tempted to suggest to the insurers on our claim form that the ‘lost watch’ was worth slightly more than it really was.
Trying to trick your car insurer (or any insurer come to that) is likely to end up with you having your insurance declared null and void just when you wanted it most. Car Insurance premiums are reaching record highs and because of this there may be a temptation to tell a few untruths in an attempt to secure lower quotes. This would be a false economy for sure.
One very common way that car insurance (ביטוח רכב) will be invalidated is the non-disclosure of what are known as material facts. If you give the wrong address or fail to mention you have previous driving convictions your policy will simply be cancelled. Also if you tell the insurers your vehicle is garaged every night and it actually stands on the roadside then similar action will be taken.