Quote:
Originally Posted by specwarop
What about insurance concerns? If it passes the pits then you crash it, what will the insurance company say?
My car is financed and a requirement of that is to be fully insured. Would kick my arse if I did have an accident and the insurance company decided not to pay out. Leaving me without a car and still in considerable debt....
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To be sure ring them and disclose all your mods. If you haven't disclosed them and they feel these mods had a bearing on the incident then they have a right to decline due to non-disclosure. You have a duty of disclosure when taking out any insurance policy.
INSURANCE CONTRACTS ACT 1984 - SECT 21
The insured's duty of disclosure
(1) Subject to this Act, an insured has a duty to disclose to the insurer, before the relevant contract of insurance is entered into, every matter that is known to the insured, being a matter that:
(a) the insured knows to be a matter relevant to the decision of the insurer whether to accept the risk and, if so, on what terms; or
(b) a reasonable person in the circumstances could be expected to know to be a matter so relevant.
(2) The duty of disclosure does not require the disclosure of a matter:
(a) that diminishes the risk;
(b) that is of common knowledge;
(c) that the insurer knows or in the ordinary course of the insurer's business as an insurer ought to know; or
(d) as to which compliance with the duty of disclosure is waived by the insurer.
(3) Where a person:
(a) failed to answer; or
(b) gave an obviously incomplete or irrelevant answer to;