How to Invalidate Your Insurance Policy
There are certain no-no that come with purchasing a vehicle insurance policy. If you do them, then you run the risk of completely invalidating your policy, so that if you ever have to file a claim, the insurance company may refuse to pay you. There is no point in having insurance that will not pay when you need it, so be sure that you do not commit any of these unforgiveable insurance sins.
The first would be to lie on your insurance application. Whether it is the mileage on your car or the age of your teenage driver, offering inaccurate information is a very bad idea. First, it means that the contract which you and insurance company sign does not really apply to you, because it’s a contract intended for someone in a different situation from you. Secondly, it is insurance fraud, and that is a jailable offense. People who attempt to defraud the insurance company by lying on their insurance forms end up costing all the other clients of that company extra. So no matter how tempting it is to save money by changing the facts, don’t do it.
The second thing you could do to invalidate your insurance policy would be to make changes to your vehicle without getting approval. That includes adding features like fancy wheels or spoilers, or getting more horsepower in the engine. At that point, it becomes a different vehicle, than the one, the insurance company agreed to insure. Even things like a radical new paint job could be a bad idea if you do not check with your provider first. If you have any doubt, call your insurer to discuss it. If adjustments to your rate are necessary, they can make them, and you will still be covered.
A better way to save money is to find the best rates through an insurance comparison website. Be upfront about the facts, whatever they may be, even if you have the craziest car on the road and a whole houseful of new drivers needing insurance. It is far better to purchase less insurance for a truly valid policy than a comprehensive policy that is no good.
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