As you are the policyholder in your personal capacity (this means as a natural person i.e. not a limited company, or as part of your profession), we believe you are a consumer for the purposes of the Consumer Insurance (Disclosure & Representations) Act 2012. As a consumer, you no longer have a duty of disclosure, but you do have a duty to take reasonable care (that is, the care a reasonable consumer would take) not to make misrepresentations to the insurer in answering any questions. This means that the insurer will not pay out on any claims and may in fact demand repayment of any claims already paid if you make a misrepresentation when answering questions. If the insurer obtains evidence that you were careless or reckless in answering questions they ask you, the insurer may give you notice that they are cancelling the policy. In the event of a claim your insurer may deal with the matter on the basis of the terms that would have applied had there been no misrepresentation, or may proportionately reduce any indemnity payments to account for the misrepresentation.