Mate, I'd take them to court if they have denied you payment on that. Having one speeding fine is not something that would have any bearing at all on your car being stolen, so they cannot make a link between the undisclosed information and the event (the theft). If the one speeding ticket is your only offence, then GIO probably cannot claim they would have dumped you as a clinet and refunded the unused portion of you premium if you had disclosed the fine; but if it was your 15th offence they probably can show that their guidlines would have been to dump you as a client. Unless they can show that wouldn't have agreed to insure you, they probably cannot deny payment on that basis either. What they probably can do in court, is prove that if you had have disclosed the fine to them, they might have increased your premium by some amount (lets say 20% for this example). They could then claim that they were effectively covering a bigger risk than they had been paid for and reduce your payout figure by 20% accordingly. This is also unlikely however, as most insurance companies aren't likely to increase the premium they charge you on the basis of a minimum bracket speeding fine - this scenarios is most likely to arise if you haven't declared an at fault accident to them or if you have your vehicle under-insured.what ever you do to or dont do your cars DO NOT INSURE with GIO they will find any reason not to pay out as they did with me when my car was stolen all over not telling them about 1 speeding fine that was only 15km and under that i fogot about.
when insuring you pride and joy make sure that your 100% honest and correct about mods and driving history because this will be there escape not to pay you out
i spent over 6months and 12k fighting it with a barrista so im left paying a 20k loan and a loan for fighting itMate, I'd take them to court if they have denied you payment on that. Having one speeding fine is not something that would have any bearing at all on your car being stolen, so they cannot make a link between the undisclosed information and the event (the theft). If the one speeding ticket is your only offence, then GIO probably cannot claim they would have dumped you as a clinet and refunded the unused portion of you premium if you had disclosed the fine; but if it was your 15th offence they probably can show that their guidlines would have been to dump you as a client. Unless they can show that wouldn't have agreed to insure you, they probably cannot deny payment on that basis either. What they probably can do in court, is prove that if you had have disclosed the fine to them, they might have increased your premium by some amount (lets say 20% for this example). They could then claim that they were effectively covering a bigger risk than they had been paid for and reduce your payout figure by 20% accordingly. This is also unlikely however, as most insurance companies aren't likely to increase the premium they charge you on the basis of a minimum bracket speeding fine - this scenarios is most likely to arise if you haven't declared an at fault accident to them or if you have your vehicle under-insured.
These comments come from the basis of (unfortunate) experience, receiving a reduced payout from insurance on a removal, when when the removalists broke a bunch of our stuff and the insurer decided we were under-insured. :headwall:
thats fuct up, got me worried now as I wasnt totally honest when i signed up, only cos I couldnt remember them alli spent over 6months and 12k fighting it with a barrista so im left paying a 20k loan and a loan for fighting it