What does Non-disclosure mean? Read on to discover the definition & meaning of the term Non-disclosure - to help you better understand the language used in insurance policies.
Non-disclosure means failure to divulge a relevant fact when applying for an insurance policy. This is a violation of the principle of good faith which should be observed in insurance negotiations. A claim might not be awarded if the insurer has proof of an insured's non-disclosure.
We hope the you have a better understanding of the meaning of Non-disclosure.