Criminal Convictions and Insurance

Do I need to tell the insurance company I have had conviction?

The answer is most definitely YES.

Convictions are considered to be a 'Material Fact' - something that could influence an insurance company's decision of whether to insure you or not.

But what if it was 15 years ago?
Even if the conviction was a long time ago, or not relevant to the type of insurance you are looking for, it needs to be disclosed as it may still be relevant to the insurance company (unless it is subject to the Clean Slate Act). 

Claiming on your policy?  
Claim time is NOT when your insurance company wants to hear about a criminal conviction for the first time.  It can lead to the claim being declined or worse case, your policies being cancelled.

Don’t panic!
As long as you're up front, it’s not all doom and gloom. I’ve worked with a number of clients in a similar situation.  I put their circumstances to the insurance companies and worked to get them the insurance cover they needed.  Any good broker will be able to do the same for you.

 

My motto for material facts: If in Doubt, Be Honest.


Kim Matthews

About the Author

Name: Kim Matthews        

I’m the Leader Business Development & Sales for Rothbury’s Hawke’s Bay branch. I commenced my insurance career in 1980, have an insight in to how underwriters and assessors work and I’m a business owner myself - all great…
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I’m the Leader Business Development & Sales for Rothbury’s Hawke’s Bay branch. I commenced my insurance career in 1980, have an insight in to how underwriters and assessors work and I’m a business owner myself - all great skills and experience that make me the broker I am.

I love dealing with people and I’m passionate about insurance! 

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Disclaimer: The articles published on this blog are designed to provide general information and do not take into account any individual’s particular circumstances. We recommend that you obtain professional advice on your requirements before making any decision about a financial product.

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