A competent person with knowledge and skill to carry out an appraisal and to produce a valuation report.
A competent person with knowledge and skill to carry out an appraisal and to produce a valuation report.
A circumstance is material if it would affect the decision of the Insurer to accept the risk, or in the rating of the premium. Non-disclosure of a material circumstance entitles the Insurer to avoid the insurance contract.