EXAMPLES OF MATERIAL FACTS :

(a) In Fire Insurance: The construction of the building, the nature of its use i.e. whether it is of concrete or Kucha – having thatched roofing and whether it is being used for residential purposes or as a godown, whether fire fighting equipment is available or not.

(b) In Motor Insurance: The type of vehicle, the purpose of its use, its age (Model), Cubic capacity and the fact that the driver has a consistently bad driving record.

(c) In Marine Insurance: Type of packing, mode of carriage, name of carrier, nature of goods, the route.

(d) In Personal Accident Insurance: Age, height, weight, occupation, previous medical history and occupation especially if it is likely to increase the chance of an accident. Proclivity of substance abuse has to be disclosed as well- eg. alcohol or drug addiction.

(e) Burglary Insurance: Nature of stock, value of stock, type of security precautions taken.

The above are just indicatory of the type of material facts that must be disclosed.

Details of previous losses is a material fact that has to be disclosed in all cases.