Quote:
Originally Posted by Sugarphreak
That is not entirely true, as long as you don't disclose it to them they have a legal responcibility to cover you. If you get in an accident they will cry the blues about how you didn't disclose it and so on, but you can just respond with "well I didn't know I had to disclose it". There is lots of precidence cases for this type of issue, however if they even get a whiff that you have a Turbo they will cancel your policy immediatly.
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I'm in the insurance business, and I assure you that contract law most certainly does have provisions in precedent pertaining to nondisclosure of material facts. If you know something that would change the mind of the other party to enter into the contract, and you intentionally do not disclose it (or ought to have known better), the contract is voidable at the option of the aggrieved party (in this case, the insurer). I can assure you that there have been plenty of Canadian insurance law cases that have demonstrated this.
To not have such a provision is to invite fraud. Fraud is not in the public's interest. Essentially, your insurance will be subsidized by those people who don't have turbochargers, and that's not fair to them.