A statement of fact, belief or expectation made by the Insured and/or his broker, to the Insurer when placing the insurance.
A statement of fact, belief or expectation made by the Insured and/or his broker, to the Insurer when placing the insurance.
A provision that some or all of the benefits under a policy will be increased by a stated multiple, such as 100% or 200%, in the event that a peril occurs in a specified way, e.g., double indemnity on Life Insurance for accidental death.