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Your Duty of Disclosure
Before you enter into an insurance policy, it is your duty to disclose every matter that you know, or could be reasonably expected to know, to be relevant to the insurance company’s decision whether to give you insurance cover and, if so, on what terms. Consequences of non-disclosure or misrepresentation – If you breach your duty of disclosure; the insurer(s) may be able to refuse to pay a claim or to cancel your policy. The same applies where you have made a misrepresentation, if fraudulent (ie. done deliberately for the purpose of obtaining insurance or for obtaining it on favourable terms) the insurance company may be able to ‘avoid’ your policy. This means that the insurance company can treat the policy as never having existed. Non-disclosure or misrepresentation in relation to one policy may affect your ability to obtain other insurance in the future. If you are unsure whether some information may be disclosable or not we suggest you call your insurance broker and seek guidance.
Privacy
We are committed to protecting your privacy. We only use the personal information you provide to us to quote on and insure the risk. We only provide your personal information to your insurer(s) and reinsurers (and their representatives) and those we appoint to assist us with claims under your policy (ies). We do not trade, rent or sell information. Some or all of the insurer(s) and reinsurers may be overseas. If you don’t provide us with complete information, we cannot properly quote for your insurance and we cannot insure you. You can check the information we hold about you at any time. For more information about our Privacy Policy, ask us for a copy. Copies of the proposal form should be retained for your own records.
Risk Survey
Acceptance of the proposal risk may be subject to a survey to be carried out by or on behalf of the underwriters. In the event that the survey results in findings of misrepresentation underwriters may be able to decline any potential claim. Please note that by carrying out a site survey and report any ensuing requirements and/or recommendations shall not constitute any undertakings on the part of the underwriters or others to determine of warrant that the premises surveyed are safe, fit or compliant with any Federal, State, Local Government law, statute, by-law, rule, regulation, building code or the like. |
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