I had a question in regards to insurance coverage and signed applications. Can a carrier decline coverage due to incorrect information on a company application that was signed by the insured? How much weight does an application carry?
-California Subscriber
Yes, a company can decline coverage and void the policy for incorrect information. Most applications state this just above the signature, that if the insured materially misrepresented a piece of information that the carrier relied on to grant coverage and the carrier discovers it at the time of loss or after the policy is bound, they can void the policy.
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