Material Facts

Jargon Buster

November 22, 2019

Jargon Buster

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Material Facts

It is important to keep insurers up to date about facts or circumstances that could affect your policy, even things you may have forgotten to mention at point of sale e.g. previous directorships ending in receivership/liquidation, past or ongoing IVAs (Individual voluntary arrangements), additional policies in place covering the same risk, even an incident which did not result in claim against the policy should be reported to your insurer.