What does Material Misrepresentation mean? Read on to discover the definition & meaning of the term Material Misrepresentation - to help you better understand the language used in insurance policies.
Material misrepresentation, in the context of insurance, is a false statement the applicant makes when applying for a policy. Misrepresentation is only considered "material" if it would affect the insurer's decision to accept or reject the application. Moreover, it constitutes a breach of contract and renders the insurance policy null and void from the beginning.
We hope the you have a better understanding of the meaning of Material Misrepresentation.