Before entering into a contract of insurance with Us, each prospective insured has a duty to tell Us information that is relevant to Our decision whether to accept the insurance and, if so, on what terms. This includes relevant information about You, any other people, and all property and risks insured under this contract. Information may be relevant even if we do not specifically ask you a question about it.
You have the same duty to disclose relevant information to Us before renewal, extension, variation, or reinstatement of a contract of insurance with Us. You should also provide all relevant information when You make a claim or if circumstances change during the term of the contract of insurance.
Each prospective insured must understand all information provided in support of the application for insurance and that it is correct. Each insured will be bound by the answers and information provided.
Your duty of disclosure continues after the application for insurance has been completed up until the time the contract of insurance is entered into.
Consequences of Non-Disclosure
If You fail to meet Your duty of disclosure, We can reduce our liability under the contract in respect of a claim or refuse to pay the entire claim. We may also have the right to avoid the contract from its beginning. This means the contract will be treated as if it never existed and no claims will be payable.