Material Information Disclosure
You have a duty to disclose, and keep up to date, all information material to this application for insurance. Material facts are facts that influence an insurers assessment of risk and effect their judgement in accepting or refusing risk including setting terms, conditions &/or premiums. Failure to disclose a material fact could allow an insurer to refuse to pay claims & / or void this insurance. If you are in any doubt as to whether a fact is material, we strongly recommend that it be disclosed.
Please note the following information, dependent and relevant on whether you are a proposed consumer or business insured :
If you are a consumer insured ( i.e. a person buying insurance wholly or mainly for personal purposes unrelated to your employment ), you have a duty to take reasonable care to answer questions fully and accurately. This duty exists before the cover is placed and throughout the entire duration of the Insurance. If you do not do so, your Insurer may be able to avoid the Policy from inception.
If you are a business consumer ( i.e. not a consumer insured ) you have a duty to disclose all facts that are material to the risk insured, before the cover is placed and throughout the entire duration of the Insurance. A material fact is a fact which may influence the Insurers assessment of a risk, including its terms and pricing. If you are in any doubt whether a fact is material it should be disclosed, as failure to disclose such a fact may entitle an Insurer to avoid the Policy from inception.
I agree to inform Insurer's of any changes in my circumstances from the date of this application and understand that cover will not commence until the Policy, Certificate or Acceptance Letter has been issued.I declare that the information given is true and complete to the best of my knowledge and belief.