Standard Fire Policy
Which act by the insured will VOID coverage under the Standard Fire Policy's concealment or fraud provision?
Answer
Willfully concealing a material fact about the insurance
Concealment or fraud: 'This entire policy shall be void if, whether before or after a loss, the insured has willfully concealed or misrepresented any material fact or circumstance concerning this insurance.'
Source: Standard Fire Policy (N.C. Gen. Stat. §58-44-16; accord N.Y. Ins. Law §3404(e))
Not the answer
- Increasing the property's value through improvements
- Filing the claim one day late
- Failing to install smoke detectors
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