Prior to entering into this insurance contract, it is your responsibility to take reasonable care and avoid misrepresenting any information. This duty also applies when you request modifications or extensions to your policy, or during policy renewal. It is imperative that you provide honest, accurate, and complete answers to our queries. A misrepresentation includes any statement that is false or partially false, or does not accurately reflect the truth.
Before modifying or extending your policy, or when renewing it, you must review any information provided by us for accuracy and inform us of any changes if the information is no longer truthful, accurate, or complete. If you are unsure of the answers to any of our queries or whether the previously provided information is still accurate, you should verify and confirm it.
Additionally, when answering our questions, you must do so on behalf of yourself and any other relevant individuals, and we will consider your responses as theirs. As your responses will determine the type of insurance we offer, calculate your premium, and assess any claim you make, it is crucial that you inform us if you have any doubts.
Failure to provide truthful and complete information or notify us of any changes may result in a breach of your duty, and we may cancel your policy or deny or reduce any claim made. To determine if you have taken reasonable care not to make a misrepresentation, we will consider all relevant circumstances, including the product type and target market, explanatory material or publicity produced or authorized by us, how clear and specific our questions were, and whether an agent was acting for you.
Additionally, we will consider if the contract was new, renewed, extended, varied, or reinstated, and any particular characteristics or circumstances relating to you, which we are aware of or should reasonably have been aware of. Finally, when you sign the client declaration, you confirm that you have read and understand this disclosure, and you declare if you have had any insurance proposals declined, any policies cancelled or renewal refused, or if you have been convicted of theft or fraud or declared bankrupt in the past five years. You also confirm if you are aware of any existing circumstances that may lead to a claim under this policy.
