Insurance 101 – Chapter 6 – Volume 16 – Void as Voidable

Void as Voidable

The majority of jurisdictions hold that a breach of policy does not render the policy void absolutely, but only voidable. Affirmative action is required by the insurer when the option to void a policy arises. The insurer must act with reasonable promptness after discovering grounds for voiding the policy to cancel the policy for breach of condition.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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