Utmost good faith

Utmost Good Faith, or "uberrimae fidei," is a key principle in insurance and legal contracts, requiring all parties to act honestly and transparently. This means that both the insurer and the insured must fully disclose relevant information when entering into a contract. For example, an insured person must reveal any details that could affect the insurer’s decision to provide coverage, such as prior claims or health issues. This principle ensures trust and fairness, preventing any party from gaining an unfair advantage through concealment or deception.