What type of information could potentially void a policy if not disclosed?

Home occupancy status is critical information for an insurance policy because it provides insurers with insight into the risk associated with the property. If the insured does not disclose accurate details regarding whether the property is owner-occupied, rented out, or vacant, it could significantly affect the underwriting process and the insurer's assessment of risk. Insurers base their premium calculations and coverage limits on occupancy status; for example, a vacant home may have higher risks of vandalism or damage compared to an occupied one.

If the policyholder misrepresents or fails to disclose the true occupancy status, this could be grounds for the insurer to void the policy or deny claims, as the insurer relied on the assumption of an accurate disclosure when issuing the policy. Other information such as past insurance claims may also affect policy terms and conditions but generally would not lead to outright voiding of a policy as directly as occupancy status can.