Concealment refers to the intentional withholding or secreting of information. In the context of insurance, if the insured withholds information on a material fact about which the insurance company has no knowledge, the company has grounds to void the contract.
A material fact is a fact that is significant or essential to the issue at hand. In the context of legal proceedings or transactions, it is a fact that could sway a decision or compel the need for full disclosure.
