A #materialfact is any information that is significant enough to influence the terms of an #insurancepolicy, the premium charged, or the decision to provide coverage. It’s crucial to disclose all material facts when asked, as failing to do so can result in the denial of a claim or even the cancellation of the policy.

For example, if you have a pre-existing medical condition and you’re applying for #healthinsurance, you must disclose this information because it could affect your coverage and premium.

Do you have any specific questions about material facts or how they might impact your insurance policy?

Sincerely,

Harpreet Singh, Most lovable ❤️ Insurance Broker in Ontario

Phone – 6476217890

Email – insurancechampion@outlook.com

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