Your Duty of Disclosure
Before You enter into an eligible contract of insurance, You have a duty under the Insurance Contracts Act 1984 to tell Us anything that You know or could reasonably be expected to know that may affect Our decision to insure You and on what terms.
You have this duty until We agree to insure You. You have the same duty before We renew, extend, vary or reinstate an insurance policy. You do not need to tell Us anything that:
- reduces the risk We insure You for; or
- is common knowledge; or
- We know or should know as an insurer; or
- We waive Your duty to tell Us about.
Your Duty Not to Make a Misrepresentation
It is your duty to take reasonable care not to make a misrepresentation with anything you tell us. This applies to all policies including renewal, or if You extend, vary or reinstate your insurance contract.
If You Do Not Tell Us
If You do not tell Us anything You are required to, We may cancel Your contract of insurance or reduce the amount that We will pay You if You make a claim, or both. If Your failure to tell Us is fraudulent, We may refuse to pay a claim and treat the contract as if it never existed.