I should be down but not till 6:30
Since an insurance contract is based upon the duty of utmost good faith, it is important that those seeking insurance should provide full disclosure of all material facts to insurers and that this information should be kept updated. English Courts will find a fact to be “material” where it would affect the judgement of a prudent underwriter as to whether or not to accept the risk at the particular terms offered. The practical advice we give is this: If you are unsure whether any information is material, disclose it.
Danny Beazley
Director
Channing Lucas & Partners Ltd
Direct Line: 020 7977 5685
Switchboard: 020 7977 5680
Facsimile: 020 7702 9276
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Channing Lucas & Partners Limited. Registered in England No. 6229756. Registered Address: St Clare House, 30-33 Minories, London EC3N 1PE