subject: Are You Unknowingly Invalidating Your Car Insurance? [print this page] Car insurance is something that no-one really likes paying every year, but unfortunately it's a necessity and a legal requirement if you own your own car. So with that in mind the last thing you want to do is to inadvertently invalidate your car insurance by not following the terms and conditions of your insurance policy.
Well sadly it's a fact that many car insurance policy holders are not fully aware of the terms of their car insurance and may actually be breaking the terms of their insurance in their everyday lives. In fact there are probably thousands of people on the roads who don't even know that they are potentially invalidating their car insurance policy. Let me give you a few examples to demonstrate this point.
The first relates to uninsured and/or learner drivers. If you are using your car to teach your son or daughter to drive, for instance, you should be aware of the terms of your insurance to determine whether you are fully covered in the event of your son or daughter having an accident. Not every insurance company has the same rules on this issue so always make sure you are fully covered before letting them venture out onto a public or private road.
Another factor to consider is the information you submitted when filling out your car insurance form. The policy you will have been given will reflect the information you entered here so if your driving habits change then you may be breaching the terms of your insurance cover. You would be amazed at the number of people who fail to tell their broker when their personal circumstances change for whatever reason.
As an example of this point, you are probably well aware that a lot of insurance companies require you to enter your estimated mileage for the year and to state your current employment. Now if you suddenly change jobs and as a result your mileage per year doubles or even trebles and you are later involved in a car accident, your payout may be impacted by this when the insurance claim is closely scrutinised.
So the overall message is that you should always be fully aware of the exact terms and conditions of your car insurance policy. The last thing you want to do is to inadvertently invalidate your car insurance because you will certainly want the full payout if you do ever need to make a claim some time in the future.
by: John Robertson
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