Aston Martin owner loses bid for insurance payout after failing to reveal traffic history Rodney Michail, who has failed in an appeal for an insurance payout on his $250,000 Aston Martin. AN ASTON Martin owner whose $250,000 car went in the drink two years ago has lost an appeal against an insurer that sunk his claim because of his undisclosed traffic history. Rodney Michail's 2005 Aston Martin DB9 Volante F1 convertible V12 went off a road at Runaway Bay on May 6, in 2011 and was partly submerged in seawater. The 300km/h luxury car, which had been insured by Australian Alliance Insurance agent Shannons, for an agreed value of $250,000, was written off after Mr Michail's accident, the court heard. AAI agent Shannons declined to pay the insurance claim on the basis that he had not fully disclosed relevant traffic fines and a licence suspension when he took out the policy. The Gold Coast finance broker, director of 1800 Approved, and car dealership owner, is the younger brother of former Gold Coast Finks "Terror Team" member Richard Michail, aka Richard Savage, who was jailed in 2012 for stealing a $400,000 Lamborghini. Mr Michail's District Court appeal against the insurer's decision was unsuccessful . Mr Michail gave evidence that when asked by a Shannons representative if he had had a suspension in the last five years he had answered "yes." Mr Michail said when asked if it was for an accumulation of demerit points he said: "Yeah, some demerit points, I've had a couple of fines for being on the phone and things like that." Judge Kiernan Dorney said Mr Michail eventually was forthright in court, saying that in 2010 he knew he had more than four traffic offences in the last five years and a licence suspension. The Shannons employee who questioned Mr Michail when he took out the insurance policy wrote "clean record" in response to his answers, the court was told. He said Mr Michail did not mention that he had any licence suspensions, an accumulation of demerit points or that he had any traffic infringements. Judge Dorney found Mr Michail failed to comply with his duty to disclose at least six offences for which he had received three demerit points and a suspension within the previous five years. The judge found that Shannons, as AAI agent, would not have insured the car if he had disclosed that history and therefore AAI was entitled to refuse the claim.