Your duty of disclosure
You have a duty of disclosure under the Insurance Contracts Act 1984.
What you must tell us before you enter into or vary this insurance
contract
Before you enter into or vary an insurance contract, you have a duty of
disclosure under the Insurance Contracts Act 1984. If we ask you questions
that are relevant to our decision to insure you and on what terms, you must
tell us anything that you know and that a reasonable person in the
circumstances would include in answering the questions.
You have this duty until we agree to insure you.
What you must tell us before you renew this insurance contract
Before you renew this contract of insurance, you have a duty of disclosure
under the Insurance Contracts Act 1984. When you renew your policy we may
give you a copy of information you have previously told us.
If we provide you with a copy of your information, you must contact us if
there has been a change. If there have not been any changes, you must tell
us. If you do not contact us, you will be taken to have told us there is no
change.
Also, if we ask you questions that are relevant to our decision to insure
you and on what terms, you must tell us anything that you know and that a
reasonable person in the circumstances would include in answering the
questions.
You have this duty until we agree to renew the contract of insurance.
Who needs to tell us and why
It is important that you understand you are answering our questions in this
way for yourself and anyone else whom you want to be covered by the policy.
We will use the answers in deciding whether to insure you and anyone else
to be insured under the policy, and on what terms.
If you do not tell us something
If you do not tell us anything you are required to tell us, we may cancel
your contract or reduce the amount we will pay you if you make a claim, or
both. If your failure to tell us is fraudulent, we may refuse to pay a
claim and treat the contract as if it never existed.
If you do not understand
If you do not understand your duty of disclosure, please contact us on 13
1905.