Material Misrepresentation


Definition of "Material misrepresentation"

ReNita Carson & Christina Mitchell
ReNita Carson & Christina Mitchell All Metro Team at Optimus Real Estate Brokers

Falsification of a material fact in such a manner that, had the insurance company known the truth, it would not have insured the risk. A material misrepresentation gives an insurance company grounds to rescind a contract.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Material Fact

Same as term Material Misrepresentation: falsification of a material fact in such a manner that, had the insurance company known the truth, it would n ...

Scheduled Policy

Policy permitting an insured to choose desired coverages. These policies are important for items with relatively low limits of coverage under standard ...

Codicil

Amendment to a will that adds or modifies clauses in that will, such as adding an additional beneficiary or piece of property. ...

American Academy Of Actuaries

Professional association that sets standards of performance for those engaged in actuarial functions. Members are entitled to use the professional des ...

Compulsory Insurance

Coverage required by the laws of a particular state. For example, many states stipulate minimum amounts of automobile liability insurance that must be ...

Liability

Legal obligation to perform or not perform specified act (s). In insurance the concern is with the circumstance in which one party's property is dama ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Getting Ready to Sell? Don't make these DIY Mistakes! What do Real Estate Attorneys do? 6 Reasons you are not selling properties How To Choose A Realtor® Real Estate Agents Specialized in Homes for the Disabled: a Real Estate Niche

FAQ

What is a lien? What is principal? How Much Will My Principal Be? What do I need to know about Managed Care Insurance: HMO, PPO, & and POS plans? What is a Good Faith Estimate?