Your Duty of Disclosure
This policy is subject to The Insurance Contracts Act 1984. Under that Act You have a Duty of Disclosure.
1 When You ask for cover, You must tell Us all that You know about the risk that You want covered which may affect Our decision:
a To offer You cover, and
b The terms and the cost of such cover.
2 If You ask for the cover to be renewed, extended, altered or reinstated You must tell Us:
a If there have been any changes in what is covered, and
b Of all things that may increase the chances of a claim.
What You Don't Have to Tell Us
You do not have to tell Us of anything;
1 That reduces the chances of a claim. But, if You do, it may let Us offer You better terms.
2 That is common knowledge.
3 That we should know as a normal part of Our business.
4 If We waive Your Duty of Disclosure.
If You don't tell Us something that You know which may affect Our decision to offer You cover or the terms of that cover We may be allowed to:
1 Reduce the amount that We have to pay for a claim. This may mean that We would pay You nothing.
Cancel this policy. We may even be allowed to cancel this policy from the date that the cover started if You lie to Us or deliberately keep information from Us or mislead Us.