Motor Trade Insurance With Convictions

Published: 07th May 2011
Views: N/A

The myths and stories surrounding convictions and motor trade insurance can be confusing and a little daunting. By exploring a couple of key areas, we aim to give you a better understanding of how your policy works, and whether motoring or criminal convictions can affect it.

Motoring Convictions:

The majority of minor motoring convictions will remain ‘seeable’ by the DVLA for three years; either from when the offence took place or the date of conviction. The most common speeding offences (SP30) follow this format. These convictions are required to remain on your driving license for four years. From an insurance perspective though, these convictions must be disclosed to your insurers for five years, meaning that although you technically have a clean licence, your insurance company may see otherwise. The insurance companies are aware of this however, and may take it into account.

More serious convictions such as drink driving charges (DR10) remain ‘active’ for much longer – Eleven years on your licence, but potentially only five years with the insurance companies’ legal obligations, but as this is a discrepancy, individual cases may vary.
A common misconception is the belief that once a ban for numerous points has been received, known as ‘totting up’ (TT99), the license is clean after that. These instances usually lead to a six month driving ban and happen when twelve points have accumulated. Rather than your license being ‘clean’ after the ban, the information remains for four years from conviction date, and most insurers will require you to keep them informed for five years.

It is always wise to be honest with your insurer from the word go if you’re not sure about any convictions or issues you may have, rather than find out your policy may not be valid should you choose to hold back information. Insurers don’t tend to look favorably on customers who have held convictions back, and it is likely that you will see your premium rise, at least. In certain cases however, failure to provide accurate information may result in your policy being called void, which will obviously leave you in difficulties should a claim need to be made.

Criminal Convictions:

Criminal convictions are sometimes relevant when applying for motor insurance, although this will not always be noticeable on the application forms which your prospective insurers require you to fill out. If there are any relevant material facts relating to your conviction then you must tell the insurer, and these are things which insurers would link to risk factors, or the influence on the premium, or even whether you would be an acceptable customer to the insurers or brokers.

Disclosing criminal convicitons should be done so in line with the Rehabilitation of Offenders Act, but coarsely speaking, any conviction that carried a prison sentence of less than six months should be disclosed for seven years, and those convictions with a prison term of over six months will be noted for ten years.

More specific information regarding your personal situation in regards to motor trade insurance can be obtained through specific insurers or brokers.

For more information on motor trade insurance , taxi insurance or property insurance take a look at our site and give us a call for a cheap motor trade insurance quote.

Report this article Ask About This Article

More to Explore