What might happen if an insured property is not disclosed to the insurer?

When an insured property is not disclosed to the insurer, the policy may be voided, and claims could be denied. Insurance relies heavily on the principle of utmost good faith, which means that both the insurer and the insured must be honest in their dealings. If the insured fails to disclose certain properties or risks, it can be considered a breach of this principle. Consequently, the insurer may view the omission as a material misrepresentation, which can lead to the cancellation of the policy or denial of claims related to the undisclosed property. This emphasizes the importance of full disclosure when entering into an insurance agreement, as it directly affects the insurer's ability to assess risk and set appropriate premiums.