New Year Adulting Tips From an Attorney: Review Your Insurance Policies

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Did you know that if you make a mistake on your insurance policy application the insurance company could deny you coverage? You likely would not find this out until after you, or someone else, tried to make a claim against your policy and then it is too late. You are left uninsured with your assets exposed.

Pursuant to Florida Statute, 627.406, “a misrepresentation, omission, concealment of fact, or incorrect statement may prevent recovery under the contract.” I have seen this happen to my clients many times.

Recently, one of my clients was involved in a motor vehicle crash. When we went to make a claim for her personal injury protection benefits through her policy we received a letter requesting an Examination Under Oath. We came to find out that when my client filled out her insurance policy application she was living alone and had since moved in with a family member. The premium the insurance company charged her was based upon her representation that she lived alone. So, when it turned out she did not live alone, the insurance company denied coverage and refunded her the policy premiums.

You need to let your automobile insurance agent know:

If you have a new car,

If you moved, or

If someone moved in with you (anyone over the age of 15).

(This list is not exhaustive)

My advice? Give you insurance agent a call and make sure your insurance application was 100% accurate. While you are at it, why not shop premiums and add some more uninsured motorist coverage to your policy? You will thank me!