Disclosure refers to the policyholder (the insured) informing the insurer of all relevant information and circumstances to allow the insurer to make a decision as to whether to insure or not, and if so, to calculate a premium. Non-disclosure, therefore, represents the failure of the policyholder to inform the insurer of relevant information, facts and circumstances that may have a bearing on the insurer’s appetite to insure the property and/or on the premium amount.