We stressed during the policy application process the importance of ensuring that your policy information was 100% accurate. Information presented to us by you does not necessarily have to be deliberately misrepresented in order for it to affect a pricing change. Every question asked is important to the underwriters in order for them to evaluate the price they are willing to offer in order to cover your risk. Please note that our broker team has no jurisdiction over these pricing rules and therefore they have not affected a pricing change unnecessarily or of their own accord. Failure to adjust a risk by our brokers to accurately reflect the risk presented would be deemed at best misrepresentation and at worst fraud. It is on that basis that our brokers have had no choice but to adjust your risk to accurately reflect your circumstances.
Whilst your price may have been adjusted we highly recommend that you do not focus solely on price as the sole means of assessing the quality of your policy. We have validated your risk and re-presented your risk correctly in order to avoid a claims denial at a later stage. It is our belief that all customers should be looked for the right price for the right risk rather than simply looking for the cheapest option which might not cover them in the event of a claim.