Your Duty of Disclosure
Whether you are entering into a policy for the first time or are proposing to renew, vary, extend or reinstate a policy you have a duty of disclosure:
What You must Tell Us
When answering our questions you must be honest and you have a duty under law to tell us anything known to you, and which a reasonable person in the circumstances, would include in the answer to the question. We will use the answers in deciding whether to insure you and anyone else to be insured under the policy, and on what terms.
Who Needs to Tell Us?
It is important that you understand you are answering our questions in this way for yourself and anyone else that you want to be covered by the policy.
What You Are Not Required to Disclose:
Your duty does not require disclosure of matters that:
- reduce the risk
- are common knowledge
- we know or, in the ordinary course of our business, ought to know, and
- we have indicated we do not want to know.
If you do not tell us
If you do not answer our questions in this way or disclosure everything you know, we may reduce or refuse to pay a claim, or cancel the policy. If you answer our questions fraudulently, we may refuse to pay a claim and treat this policy as never having been in force.
If you do not complete the application form in full, and in accordance with your duty of disclosure, Great Lakes Australia may not be able to provide you with insurance or may impose additional conditions on any cover provided.
If you would like to contact Great Lakes Australia about privacy please contact us.
This brochure explains Your Duty of Disclosure.