material fact


For insurance purposes, this is a fact deemed so important that It would change the decision made by an insurer if it were kept hidden. Misrepresentation of a material fact can void a policy.

Use material fact in a sentence

You need to make sure that you understand how every material fact will affect your product in the foreseeable future.

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In the event of a fire in the home, a material fact must be presented to show that foul play did not take place or the policy can be voided by the insurer.

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John was agrieved by the destruction of his home but was looking forward to collecting on his home insurance policy, until his insurer determined he had withheld a material fact.

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due diligence proxy statement