Common use of Duty of Disclosure Clause in Contracts

Duty of Disclosure. You have a duty to take reasonable care not to make any misrepresentation in answering the questions in the Proposal Form i.e. You should answer the questions fully and accurately. Failure to take reasonable care in answering the questions may result in avoidance of Your contract of insurance, refusal or reduction of Your claim(s), change of terms or termination of Your contract of insurance. In the event of any pre-contractual misrepresentations made in relation to Your answers and in any disclosures given by You, only remedies in Schedule 9 of the Financial Services Act 2013 will apply. You have a duty to tell Us immediately if at any time after Your contract of insurance has been entered into, varied or renewed with Us, any of the information given in the Proposal Form is inaccurate or has changed. At the point of purchasing this insurance and at any point during the validity of this insurance contract, You must immediately inform Us of any other insurance that You have bought which provides like or similar type of coverage to the items insured under this contract of insurance.

Duty of Disclosure. ‌ You have a duty to take reasonable care not to make any misrepresentation in answering the questions in the Proposal Form i.e. You should answer the questions fully and accurately. Failure to take reasonable care in answering the questions may result in avoidance of Your contract of insurance, refusal or reduction of Your claim(s), change of terms or termination of Your contract of insurance. In the event of any pre-contractual misrepresentations made in relation to Your answers and in any disclosures given by You, only remedies in Schedule 9 of the Financial Services Act 2013 will apply. You have a duty to tell Us immediately if at any time after Your contract of insurance has been entered into, varied or renewed with Us, any of the information given in the Proposal Form is inaccurate or has changed. At the point of purchasing this insurance and at any point during the validity of this insurance contract, You must immediately immediate ly inform Us of any other insurance that You have bought which provides like or similar type of coverage to the items insured under this contract of insurance.