What is Fraudulent Claims Condition | Insurance glossary by upcover

This clause protects an insurer against deliberate deception. If a policyholder knowingly exaggerates or invents a claim, such as inflating the value of stolen tools, the insurer can refuse payment and cancel the policy. It keeps things fair for honest customers and discourages the misuse of insurance. Keeping accurate records and invoices helps support a genuine claim.

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Related Term

Sum Insured (Strata)

Market Value Cover (Strata)

Replacement Cost Cover (Strata)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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