When you fill out your insurance application, you’re asked to provide a lot of information to your company. You may be asked about your driving history, how many miles you drive per month or year, your home address, where you park your car overnight, and more. Studies show that a significant number of people provide wrong information on their applications, usually in an effort to try and save a little money.
But these “mistakes” can often come back and bite those not being truthful. These mistakes could lead to insurers partially or completely invalidating the policy or completely cancel the policy, making it much more difficult and expensive to obtain insurance in the future.
The better plan is to be truthful on the application. In this case, honesty is the best policy.