What does Material Fact mean? Read on to discover the definition & meaning of the term Material Fact - to help you better understand the language used in insurance policies.
Material fact is information that is vital to interpreting a subject matter and is relevant to a legal document. In insurance, it is information that can determine the coverage and the cost of the premium. Withholding it might cause the policy to be null and void.
We hope the you have a better understanding of the meaning of Material Fact.