Common use of Insured's Duty Clause in Contracts

Insured's Duty. We will provide insurance as described in this document provided that You or any person claiming to be covered under this Policy observe the terms and conditions at all times and provided that the information provided by You or by Your insurance adviser is true to the best of Your knowledge and belief. If You or any person claiming to be indemnified under this Policy makes a claim that is false grossly exaggerated or fraudulent in any way or makes a false declaration or statement in support of such claim this Policy shall be void and of no effect and the premium paid shall be forfeited.