Material Fact

Any piece of information which may influence the decision of an underwriter over the terms and cost of cover can be referred to as a material fact.

This is why they must be disclosed at the inception of the insurance policy ,also thoughout the policy and mid term of the contact held ,being truthful about material facts is also know as upmost good faith.

Rate:

Post your comment

Comments

There are currently no comments.

Post a Comment

Fields marked with a * must be completed.

Comment:

Name:	*
Email Address:	Will show your gravatar icon
Website:
Comment:

Submit Comment

Items in the garden could be under threat as we hit summer months
21st Mar 2012

Items in the garden could be under threat as we hit summer months Each year it is warned by home insurers that items in the garden need to be secured especially in the summer months....

View all news...

Woodstock Insurance Brokers is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk

Woodstock Insurance Brokers company number 04288957 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.