Glossary
Misrepresentation (application)
Inaccurate statements on your insurance application. Material misrepresentation can void coverage entirely — the reason accuracy about services, revenue, and claims history…
What is misrepresentation (application)?
Inaccurate statements on your insurance application. Material misrepresentation can void coverage entirely — the reason accuracy about services, revenue, and claims history matters more than any premium optimization.
Why it matters
Your application answers become part of the policy. Understating revenue, staff, or claims history can void coverage exactly when you need it — the carrier re-reads applications at claim time. When in doubt, disclose; an accurate application is a claim-proof application.