What is the definition of an omission in insurance terms?

In insurance terms, an omission refers specifically to the act of not doing something that one should have done. This can relate to withholding necessary information when applying for an insurance policy or failing to disclose material facts that could influence the insurer's decision regarding coverage or premiums. By not providing this critical information, the insured person may inadvertently void their policy or affect any potential claims negatively. Recognizing the significance of such omissions is crucial, as they can lead to disputes over claims and coverage, highlighting the importance of complete and accurate information in the insurance process.