What is a requirement under the Change of Occupation Provision?

The Change of Occupation Provision in insurance policies mandates that the insured must notify the insurer of any changes in their occupation. This requirement is critical because different occupations carry varying levels of risk, which can affect the terms of coverage or premiums. By informing the insurer, they can adjust the policy to reflect the new risk level associated with the insured’s current occupation.

Failure to report changes in occupation could result in claim denials or adjustments in coverage should an incident occur. Keeping the insurer updated ensures that the policy remains valid and appropriately rated for the current risk profile.