If you provide inaccurate information or simply lie on your car insurance application, there is a very good possibility that you will be found out rather quickly.
Modern technology has made it possible to easily check an applicant's information. Very few, if any insurance companies are willing to simply take an applicant at their word and typically they will check the supplied information to better judge the potential risks and costs associated with insuring someone.
Today, most insurance companies can easily access a person's driving records in their home state as well as nationwide utilizing the Comprehensive Loss Underwriting Exchange (CLUE) as well as several other claims information databases.
Insurance companies can easily gather information such as tickets, traffic violations, DUI convictions, and other facts about a person's driving record. It's important to remember that while it's typical for most violations to remain on your record for three years, DUI/DWI typically show up for at least seven years. Also, any claims made with other insurers over the years will also show up through CLUE and other databases.
Telling lies on insurance applications simply isn't worth the risk. Not only can it lead to your application being rejected, it can also result in your current premiums rising or even cancellation of your current policy. With such easy access to your driving history and steep penalties for lying, it's obvious that honesty is the best policy.
source :
http://www.insuranceusa.com/Providing-Accurate-Information.php
Modern technology has made it possible to easily check an applicant's information. Very few, if any insurance companies are willing to simply take an applicant at their word and typically they will check the supplied information to better judge the potential risks and costs associated with insuring someone.
Today, most insurance companies can easily access a person's driving records in their home state as well as nationwide utilizing the Comprehensive Loss Underwriting Exchange (CLUE) as well as several other claims information databases.
Insurance companies can easily gather information such as tickets, traffic violations, DUI convictions, and other facts about a person's driving record. It's important to remember that while it's typical for most violations to remain on your record for three years, DUI/DWI typically show up for at least seven years. Also, any claims made with other insurers over the years will also show up through CLUE and other databases.
Telling lies on insurance applications simply isn't worth the risk. Not only can it lead to your application being rejected, it can also result in your current premiums rising or even cancellation of your current policy. With such easy access to your driving history and steep penalties for lying, it's obvious that honesty is the best policy.
source :
http://www.insuranceusa.com/Providing-Accurate-Information.php
Hi..Nice article. Many insurance companies are available now who provide insurance but there are several factors by which you can justify which one is top rated and will be best for you. It will prevent financial risks.
ReplyDeleteThanks for sharing such a nice article. Hope you will write again soon. I will definitely follow your post.