Primary Obligations of an Insured - Explained
What are the reponsibilities of the Insured Party?
Written by J. Mance Gordon
Updated at April 19th, 2024
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What are the primary obligations of the insured?
The primary duties of an insured in an insurance contract are as follows:
Duty to Disclose Information
The insured must inform the insurer of any events relevant to the contingent risk transferred to the insurer. This includes disclosing information in the application for policy coverage and disclosing incidences of damage to the insured person or property or harms resulting from the insureds conduct. A failure to disclose such information may lead to the loss of insurance coverage.
Duty to Cooperate
An insured has a duty to cooperate with the insurer in the identification, investigation, and resolution of any event or circumstance giving rise to losses born by the insurer.
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