Aggravation means that the insured risk changes or increases after the policy is taken out. This can happen when you expand your home, purchase an additional vehicle or start doing a more dangerous job. In such cases, you should notify your insurer so that the policy can be adjusted correctly.
Not all changes automatically result in a higher premium, but if the risk changes significantly, they may. If you do not report a significant change, you run the risk that a claim will not be reimbursed or will be only partially reimbursed.
Disclaimer
This page is part of a lexicon and does not provide product information or contractual details on insurance services. For specific information, please refer to the official documentation or contact your insurance agent.
