Sentences with phrase «withhold information on the application»
Lastly, if you withhold information on your application, but your tobacco use is revealed at the time of death, then the insurance company could challenge your claim in many cases.
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Research from GoCompare shows that 18 % of people have embellished the truth or actively withheld information that should have been disclosed on their renters insurance applications.
If you withhold information on past nicotine use — even e-cigarettes — during the application process, don't assume your history will remain buried once the policy goes into effect.
If you deliberately withhold information on your life insurance application that you reasonably could've known, there's a possibility that your life insurance company would move to rescind (a.k.a. cancel) your life insurance policy.
The contestability period allows the insurer to deny a claim if the insured lied on the life insurance application or withheld material information.
Withholding information on a renters insurance application also makes it harder to get insurance in the future.