Material Misrepresentation - Florida Auto Insurance

Auto Insurance is a legal contract between two parties- the insurance company and the car owner. The contract is signed with a good faith assuming that both parties are honest and have provided the right information that was asked for. The auto insurance premium depends on many factors and sometimes the vehicle owner purposely hides some facts (that may be related to the car condition or a bad driving record, or the motor vehicle record) to get a lower premium.

Material misrepresentation refers to the withholding of information to get monetary and other benefits. If the insurance company suspects any material misrepresentation, it can lead to the insured party losing all insurance privileges.

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