Which party is responsible for providing accurate personal information on an insurance application?

The insured is responsible for providing accurate personal information on an insurance application because they are the individual or entity seeking the insurance coverage. This responsibility is critical because the information shared determines the risk assessment and premium pricing by the insurance company.

When filling out an application, the insured must disclose details about their health, previous claims, driving history, property conditions, and any other relevant factors. Failure to provide truthful and complete information can result in various consequences, such as policy cancellation or denial of a claim, as the insurer relies on this information to make informed decisions about coverage.

While the agent plays a role in guiding the insured through the application process and the underwriter assesses the risk based on the provided information, it is ultimately the insured’s responsibility to ensure that all details are accurate and truthful. The insurer, on the other hand, uses this information to determine eligibility for coverage and to price the policy accordingly, but they are not the party providing the information.