Duty of Disclosure

Your duty of disclosure

Before you enter into this insurance with us, you have a duty to tell us anything that you know, or could reasonably be expected to know, may affect our decision to insure you and on what terms.

You have this duty until we agree to insure you.

It is important that you understand that you are answering our questions in this way for yourself and anyone else that you want to be covered by the contract.

Your duty however, does not require disclosure of any matter:

  • that diminishes the risk to be undertaken by us; or
  • that is of common knowledge; or
  • that we know or, in the ordinary course of our business as an insurer, ought to know; or
  • as to which we have waived your duty of disclosure.

If you fail to comply with your duty of disclosure, we may be entitled to reduce our liability under the contract in respect of a claim, cancel the contract or both.

If your non-disclosure is fraudulent, we may also have the option of avoiding the contract from its beginning.