An applicant deliberately hides a history of arson losses. Under the concealment, misrepresentation and fraud condition, the insurer may:
Explanation
The condition lets the insurer treat coverage as void where an insured intentionally conceals or misrepresents a material fact, engages in fraudulent conduct or makes false statements, whether that happens in the application or after a loss. Materiality is the test: a fact that would have changed the underwriting decision. Repricing at renewal is an underwriting response, not the remedy this condition provides.
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