Insurance confused to quote
Discussion
I’ve had an insurance company say that they cannot quote me due to have too many claims (1 in the time frame they asked, vehicle theft from home), prior one was 2017 when hit by an uninsured driver that falls outside of their window.
I only see references about declaring it when an insurance company refuses to renew, but I wouldn’t be renewing it.
I assume this means that I have to declare this forever now even though I didn’t get a quote nor was a policy cancelled? Asking for clarity.
I only see references about declaring it when an insurance company refuses to renew, but I wouldn’t be renewing it.
I assume this means that I have to declare this forever now even though I didn’t get a quote nor was a policy cancelled? Asking for clarity.
Edited by EmilA on Monday 29th April 17:48
EmilA said:
I’ve had an insurance company say that they cannot quote me due to have too many claims (1 in the time frame they asked, vehicle theft from home), prior one was 2017 when hit by an uninsured driver that falls outside of their window.
I only see references about declaring it when an insurance company refuses to renew, but I wouldn’t be renewing it.
I assume this means that I have to declare this forever now even though I didn’t get a quote nor was a policy cancelled? Asking for clarity.
I only see references about declaring it when an insurance company refuses to renew, but I wouldn’t be renewing it.
I assume this means that I have to declare this forever now even though I didn’t get a quote nor was a policy cancelled? Asking for clarity.
Edited by EmilA on Monday 29th April 17:48
Declare what forever?
I'm guessing declare the refusal.
It is generally accepted that if you asked an insurer for a quote and they refused to do so this doesn't need declaring. If, however, you filled in a proposal form, the insurance company gave you a quote but then refused to insure you, then that would be a completely different matter. In the first case you would have been turned down because of the insurer's general business strategy, in the second they would have rejected you, individually.
So you're OK.
It is generally accepted that if you asked an insurer for a quote and they refused to do so this doesn't need declaring. If, however, you filled in a proposal form, the insurance company gave you a quote but then refused to insure you, then that would be a completely different matter. In the first case you would have been turned down because of the insurer's general business strategy, in the second they would have rejected you, individually.
So you're OK.
EmilA said:
Apologies for my ramblings ha
Declare that a company did not want to quote me
No, that happens to thousands of people all the time, a certain ins co company considers your risk profile outside their remit, that's up to them, why would you think you have to declare it to anyone else?Declare that a company did not want to quote me
I think you are getting worried about the statement they make asking "have you ever been refused or had insurance cancelled" It's badly worded and does often confuse people
Beetnik said:
I'm guessing declare the refusal.
It is generally accepted that if you asked an insurer for a quote and they refused to do so this doesn't need declaring. If, however, you filled in a proposal form, the insurance company gave you a quote but then refused to insure you, then that would be a completely different matter.
No it is'nt, it's just 2 different methods of collecting the info, whether that is verbally or online makes no difference, it could be something as simple as they won't insure anyone with more than 3 points or living in a certain area.It is generally accepted that if you asked an insurer for a quote and they refused to do so this doesn't need declaring. If, however, you filled in a proposal form, the insurance company gave you a quote but then refused to insure you, then that would be a completely different matter.
The question is normally reserved for declaring a nefarious reason for being refused such as making a fraudulent claim or witholding relevant information. As said it can be a confusing question
Monkeylegend said:
Every online quote I get has a list of companies who were not prepared/able to provide a quotation.
Never even thought about declaring that.
This. Depending on the circumstances there will be some insurers who don't want to insure you so won't provide a quote via the comparison site. Will be hundreds of thousands refusals to quote every day!Never even thought about declaring that.
ISTR LoonR1 (remember him? He knew a thing or two about the insurance industry) explaining that the question is basically a throwback to the days when people bought insurance from a man in an office in their local High Street rather than from a meerkat.
The broker in the office didn't have full underwriting authority so he'd give you a provisional quote based on an abridged version of the insurer's underwriting manual along with a seven day cover note, then pass your details on to an underwriter for a final decision. Occasionally the underwriter would say no, but usually this only happened if either you had some very unusual circumstanced which weren't covered by the broker's version of the underwriting manual, or they thought that you'd lied about something. A refusal to insure meant a refusal at this late stage of the process.
Nowadays of course it's all done instantly and electronically and the gap between quote and acceptance doesn't really exist. But the question remains - not least because there are still people around who had a refusal in days of yore. I agree it's badly worded.
It would certainly be mad if you had to declare that an insurer had declined to quote for you - that happens every time you use a comparison site (scroll down to the bottom of the page - there are always a few that say "could not quote for your details"). Saga will decline to quote for you if you're under 50. Hiscox will decline to quote if your car is worth less than something like £40K. There are probably specialist insurers who deal with high risk cases who will decline to quote if you don't have at least one drink-driving conviction. None of those things would be of interest to any other insurer.
The broker in the office didn't have full underwriting authority so he'd give you a provisional quote based on an abridged version of the insurer's underwriting manual along with a seven day cover note, then pass your details on to an underwriter for a final decision. Occasionally the underwriter would say no, but usually this only happened if either you had some very unusual circumstanced which weren't covered by the broker's version of the underwriting manual, or they thought that you'd lied about something. A refusal to insure meant a refusal at this late stage of the process.
Nowadays of course it's all done instantly and electronically and the gap between quote and acceptance doesn't really exist. But the question remains - not least because there are still people around who had a refusal in days of yore. I agree it's badly worded.
It would certainly be mad if you had to declare that an insurer had declined to quote for you - that happens every time you use a comparison site (scroll down to the bottom of the page - there are always a few that say "could not quote for your details"). Saga will decline to quote for you if you're under 50. Hiscox will decline to quote if your car is worth less than something like £40K. There are probably specialist insurers who deal with high risk cases who will decline to quote if you don't have at least one drink-driving conviction. None of those things would be of interest to any other insurer.
Appreciate the feedback and comments. Looking back I was in a bit of a panic over it all, compounded with the fact that it was dinner time for the kids and they were playing up so abit more stress added, not allowing me to do some online reading about it. I thought a post on PH would help clarify things.
Thankfully it did. It all makes sense to me now. Strange what happened. Thankfully the insurance quotes that I have been getting went from a high number to a relatively low number as I got more responses back.
Thankfully it did. It all makes sense to me now. Strange what happened. Thankfully the insurance quotes that I have been getting went from a high number to a relatively low number as I got more responses back.
Looking at your profile OP, if you are trying to insure the yellow car (is that a Skyline ?), it might be a bit too exotic
for many mainstream insurers, especially if it has mods. Essentially it's too much aggro for them as they just want the
masses with mainstream cars.
for many mainstream insurers, especially if it has mods. Essentially it's too much aggro for them as they just want the
masses with mainstream cars.
Edited by over_the_hill on Wednesday 1st May 10:55
Yes that was my old R34 GTR. I am getting quotes for another Skyline which is my R33 GTR. I have just updated the picture in the profile now.
Funny thing is, this particular insurance company were extremely competitive for a policy on my brothers R32 GTR, as it's fitted with a roll cage. Most of them wouldn't quote him or were nearly 10 times more than what they insured him for in the end.
Funny thing is, this particular insurance company were extremely competitive for a policy on my brothers R32 GTR, as it's fitted with a roll cage. Most of them wouldn't quote him or were nearly 10 times more than what they insured him for in the end.
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