Lying about your place of residence can have various consequences, including:
Policy cancellation: Insurance companies have the right to cancel your policy if they discover that you provided false information during the application process.
Claim denial: If you file a claim and it is determined that you lied about your address, the insurance company may deny the claim.
Premium adjustments: Insurance premiums are calculated based on several factors, including your address. Providing false information may result in inaccurate premium calculations, and the insurance company could adjust your premiums accordingly.
Legal implications: Misrepresenting information to an insurance company is considered insurance fraud, which is illegal in many jurisdictions. If discovered, you could face legal consequences, fines, or even imprisonment.