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The mkiv Supra Owners Club

Lime Green RZ 6sp single back on eBay AGAIN


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Doesn't speeding carry 3points also he wouldn't have to tell his insurance until his renewal.. sounds like a lemon/lime

 

I think you will find you have to tell your insurance of any change when it happens, they all have that in their T&C's that failure to do so will invalidate your policy.

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Doesn't speeding carry 3points also he wouldn't have to tell his insurance until his renewal.. sounds like a lemon/lime

 

Dont think that is true, you have to inform insurance immediately about anything if you still want to be covered. If you have an accident they will use any excuse they can to get out of it and you having 3 points and not informing them will be all the excuse they need.

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I stand corrected. Is it your premium doesn't go up until your renewal?

Correct, it's unlikely they would adjust the premium until next renewal.

 

Also with the introduction of the Insurance Act, whilst you would have to notify the insurer if you had received a penalty and points, they would be unable to entirely invalidate the claim but rather would proportionally adjust the value of the claim if you had an accident by the % differential between premium pre and post offence.

 

 

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