1. Introduction

 

1.1 Purpose:

 

This Duty of Disclosure outlines the obligations of policyholders regarding the provision of accurate and complete information to Apple Insurance Services Ltd (“we,” “us,” or “our”).

 

1.2 Importance:

 

Providing truthful information is crucial for the proper assessment of risk and the validity of insurance coverage.

 

2. General Duty

 

2.1 Obligation:

 

As a policyholder, you have a duty to disclose all material facts that could influence the insurer’s decision regarding coverage or terms.

 

2.2 Continuous Duty:

 

The duty of disclosure is not limited to the inception of the policy; it continues throughout the policy period. Any changes to material facts must be promptly communicated.

 

3. Material Facts

 

3.1 Definition:

 

Material facts are those that would influence a prudent insurer’s decision in determining the terms, premium, or acceptance of the risk.

 

3.2 Examples:

 

Examples of material facts include, but are not limited to, previous claims history, criminal convictions, changes in occupation, and modifications to the insured property.

 

4. Providing Information

 

4.1 Completeness:

 

Information provided must be complete, accurate, and not misleading. Any uncertainties or doubts about whether certain information is material should be clarified with us.

4.2 Verbal and Written Communication:

 

Duty of disclosure applies to both verbal and written communication. Any discussions or correspondence related to the insurance must be truthful and comprehensive.

 

5. Duty at Inception

 

5.1 Proposal Form:

 

The duty of disclosure commences with the completion of the proposal form or during any pre-contractual discussions.

 

5.2 Updating Information:

 

Policyholders must inform us of any changes to the information provided during the application process before the inception of the policy.

 

6. Duty During the Policy Period

 

6.1 Ongoing Obligation:

 

Throughout the policy period, policyholders are required to inform us of any changes to material facts promptly.

 

6.2 Renewals:

 

At renewal, policyholders must review and update information, ensuring it remains accurate and reflective of the current circumstances.

 

7. Consequences of Non-Disclosure

 

7.1 Impact on Coverage:

 

Failure to disclose material facts may result in the denial of a claim, alteration of policy terms, or even the voiding of the insurance contract.

 

7.2 Financial Consequences:

 

Policyholders may be liable for additional costs, including legal fees, if non-disclosure is proven to be deliberate or reckless.

 

8. Remedies for Innocent Non-Disclosure

 

8.1 Remedial Action:

 

If non-disclosure is unintentional, we may work with policyholders to rectify the situation. This may include adjusting the terms or premium.

 

9. Contact Us

 

9.1 Communication:

 

For any questions or concerns regarding the duty of disclosure, policyholders should contact us at info@appleinsuranceservices.co.uk or at the address provided in the policy documentation.

 

10. Governing Law

 

10.1 Applicable Law:

– The Duty of Disclosure is subject to English Law.

 

10.2 Severability:

– If any provision of this Duty of Disclosure is found to be invalid or unenforceable, the remaining provisions will remain in effect.