
Most businesses understand the dangers of underinsurance and the application of Average. But providing insurers with inaccurate information could have even more serious consequences. Under the Insurance Act 2015, a breach of the Duty of Fair Presentation can result in claims being reduced, different policy terms being applied or, in the most serious cases, the policy being avoided altogether. And proportionate reductions aren’t necessarily limited to property claims — they could potentially have a significant impact on a multimillion-pound liability claim.


