Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

honesty clause

Read a random definition: vassallo faciendo superiori quod de jure facere oportet

A quick definition of honesty clause:

Honesty Clause: A rule in an insurance policy that requires the person getting the insurance to tell the truth about what they are insuring. If they don't tell the truth, they may not get the full amount of money they were expecting if something bad happens. It's important to always be honest when getting insurance so that you are protected if something goes wrong.

A more thorough explanation:

An honesty clause is a provision in an insurance policy that requires the insured to disclose all relevant information about the insured property or item. This clause penalizes the insured if they provide less information than required in the policy application. The honesty clause is also known as a full-reporting clause.

For example, if a homeowner fails to disclose that their home has a history of flooding, and they experience flood damage, the insurance company may deny their claim because they did not disclose all relevant information. This is because the honesty clause requires the insured to provide complete and accurate information about the property or item being insured.

Another example is if a car owner fails to disclose that they have installed aftermarket modifications to their vehicle, and they get into an accident, the insurance company may deny their claim because they did not disclose all relevant information. This is because the honesty clause requires the insured to provide complete and accurate information about the item being insured.

honeste vivere | honor

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
this election has the potential to push america further into ultranationalist populism
Dkk
19:42
Maybe, didnt happen last time.
19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
LSD+ is ad-free, with DMs, discounts, case briefs & more.