In general, the more the insurer knows about you and your driving record the better, even if your record is less than perfect. Full disclosure at the beginning will save any risk of misrepresentation if you do need to make a claim in the future. There are three main categories of information required:
- Information about you
- Names of the drivers of the vehicle to be insured. This usually includes all licensed members of your household since it is assumed that they will use the car. Provide their names as shown on their license, the number of years licensed and the percentage of time they will use the vehicle.
- Insurance history for up to 10 previous years must be provided, including any cancelled, declined or refused insurance.
- License history of all listed drivers must be provided for the preceding three years, including suspensions, cancellations or lapse
- Information about the vehicle
- Full information about the make, model and year are required as well as the Vehicle Identification Number or VIN. Also include the details of a lease or loan if you have one, the purchase value, whether new or used, and the value of any modifications to the vehicle. If any other party has a financial interest in the vehicle this should be recorded so they are protected in the event of a loss.
- Information about your coverage requirements
- Finally, you will need to provide information of how the vehicle will be used. Is it for pleasure or business? If it is for commuting, what is the daily estimated distance? What will the annual distance be? If for business use, will you be carrying paying passengers, renting the car out to others or transporting any goods?
- You will also need to indicate your choices regarding your coverage, for example, your preferred deductible, liability limit and coverage for any special situations, including storing the car or driving in the U.S.