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Concealment refers to the intentional withholding or hiding of material information from an insurance company during the application process or claim filing. This information is crucial for the insurer to assess the risk and determine appropriate premium rates accurately.
If a company discovers concealment, they may have the right to void the insurance policy or deny a claim. This is because the concealed information could have significantly impacted the insurer’s decision to offer coverage or the premium rate.
It’s important for policyholders to be honest and upfront with their insurance company to avoid any potential issues related to concealment.
At PSIC, we believe in building a relationship of trust and transparency with our clients. Our policies are designed to provide you with the coverage you need while ensuring that both parties fulfill their obligations in good faith.
Concealment is a serious matter that can undermine the integrity of our insurance contract. When you apply for coverage or file a claim, it’s essential to provide accurate and complete information about your circumstances. This includes disclosing any relevant facts that could affect our decision to provide coverage or determine your premium.
By being honest and upfront, you help us to assess your risk accurately and offer you the most appropriate coverage at a fair price. Remember, your honesty contributes to our ability to protect you and your loved ones.
If you have any questions or concerns about your policy or the disclosure requirements, you can contact our Customer Support team or your producer. We’re here to assist you and ensure that your experience with PSIC is positive and rewarding.
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Customer support: 800-303-5000
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5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807
Copyright © McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 17486061 The insurance policy, not the contents of this website, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed on this website. Coverage may differ by state.
Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.
Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.
Categories of Personal Information Collected
Purposes for Collecting and Using Your Personal Information
Managing Human Resource Functions:
Conducting business operations:
Monitoring:
Compliance with:
Investigating:
We will not retain your personal information for longer than necessary for the purposes set out in this notice. Different retention periods apply for different types of personal information.
When it is no longer necessary to retain your personal information, we will delete or anonymize it.