Quote:
Originally Posted by PhotoJim
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.
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In most cases though you will have paid the insurance provider more money than is needed to repair the car so it does not affect others.
I understand what you are saying about fraud but I firmly believe that if insurance companies acted the way they say they will when you sign the contract most people would declare every little thing to them as it would be a fair relationship.
Most people do not fully disclose everything because regardless of mods, history or anything, most insurance companies will rape them in the a$$ if anything was ever to happen to them.