Non-disclosure did not induce lower premium for insurers (UK)
The UK court of appeal refused to avoid a mobile plant policy plus extension on the grounds of non-disclosure of risk-related information because the lower premium was the result of the insurer’s underwriting practices and their own mistake not of the non-disclosure.
The insured was in the business of waste collection and waste recycling and insured a number of items of mobile plant and a fixed shredding machine.
The insured failed to disclose that they…
