Have you applied for a motorcycle insurance policy before and been rejected? Unfortunately, this may be far more common than you think, for a variety of reasons which we will discuss in detail a little later on.
In this blog, we are going to be running down what it means to be refused insurance, as well as what you should do in the event you find yourself being rejected for a new or renewed insurance policy.
So without further ado - let’s get started!
What does refused insurance mean?
If you are refused insurance, this will mean one of three things. Either you have had a claim rejected, or you have been refused a renewal from your pre-existing insurance company or alternatively, a new policy from another company.
In some cases, insurance companies will ask you whether or not you have been refused insurance or had an insurance policy cancelled previously when filling out an initial quote form - so it is advised that you are as honest as you can be in order to be approved.
Can an insurance company refuse to insure you?
When searching for insurance, it is worth noting that insurance companies can and will refuse you providing they have a valid reason to do so.
To avoid this from happening, it is important to always tell the truth when filling out your quotation form, whether that be with a claims history, years of NCB (no claims bonus) as well as any modifications you have made.
If you are caught lying on your insurance policy documents, you can have your policy cancelled and/or any claims you make voided due to your dishonesty.
Why would an insurance company refuse to insure you?
There are a few reasons as to why you may have been refused motorcycle insurance by an insurance company, these include:
- Adverse riding history (i.e. claims)
- Misrepresentation/Fraud
- Powerful vehicle with little road experience
- Valuable vehicle in an area with a high crime rate
- Wanting to do an excessive number of miles
- High-risk occupation
- Incorrect licence type
Do you have to declare refused insurance?
As we mentioned earlier, some insurance companies will require you to declare previous refused insurance policies/claims, as well as any insurance policies that have been cancelled (regardless of the reason).
A specialist broker can help!
Last but not least, if you have found yourself in a situation where you have been refused a motorcycle insurance policy, we here at Lexham can try and help you out - either fill out an online quotation form or give us a call on 01379 646 529.
