Duty of Disclosure
DECLARATION
To be completed by the insured(s) shown and also on behalf of any other person to be covered by this insurance.
I declare that:
1. All information contained in this proposal and on any attachment is complete and correct;
2. I have disclosed all material facts to Initio;
3. I agree that this proposal shall be the basis of the contract between me and Initio and I am willing to accept the terms, conditions and exclusions of this insurance;
4. I am authorised to complete this proposal on behalf of all people to be covered by this insurance and they give the same declarations.
By signing I authorise the insurer to:
Check our details on the Insurance Claims Register and place our claims information on the Insurance Claims Register which other insurers can access;
Disclose our personal information about this insurance to other members of the insurance industry and/or parties who have a financial interest in the subject matter of this insurance;
Obtain our personal information held by any other party regarding my/our existing and previous insurances.
YOUR DUTY OF DISCLOSURE
You must tell us everything you know (or could be reasonably expected to know) that a prudent insurer would want to take into account in deciding:
a. Whether to agree to insure you
b. if so, on what terms
Examples of what you must tell us include:
a. anything that increases the risk of a claim
b. any criminal offending or convictions
c. any previous insurance claims
d. any refusal by another insurer to insure you on standard terms.
You must also tell us this every time this policy renews and when you make any changes to it. If you fail to do this, we may void the policy retrospectively. You will have no insurance at all. When in doubt, disclose. We treat all information confidentially
CHANGE IN CIRCUMSTANCES
You must tell us about any material changes in your circumstances after the policy starts and during the policy period
PRIVACY
The personal information you provide in this proposal will be held by Initio and IAG.
Our collection of this information is part of your duty of disclosure at law to us, and is compulsory
If you fail to provide it, we may choose not to insure you.
You have rights of access to the personal information, and correction of it, under the Privacy Act 1993.
REPLACEMENT SUM INSURED
The ‘replacement sum insured’ above represents the total replacement value of your dwelling and improvements (eg driveways, swimming pools, fencing etc). Initio & IAG do not accept any responsibility for the accuracy of this value. You are responsible for determining and accepting this value. An insurance valuation or using an online replacement value calculator will provide you with a more accurate replacement value.