1. Concealment or Non-discolsure is to conceal the truth. Or not to disclose the truth about the condition of the risk of certain disasters. This is the essence of the company If know the truth then. May not be guaranteed or may be a premium increase.
2. Misrepresentation is the insurance company ask to facts. This is usually a question to appear in the insurance application. And the insured representation is false. If significant in assessing the risk of the company. Would cause the company has denied liability.
3. Warranty is a guarantee or agreement of the insured. It is a condition that the insurer is required to ensure that strict. Failure to comply with the certification. That the insurance company denied liability under the contract.
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