Contestability Clause Law and Legal Definition

A contestability clause is an insurance policy provision. The clause sets out the conditions under which an insurer may contest a claim. It is also known as contestable clause. Contestability clause also makes an insurance policy void based on a representation or omission made when the policy was issued. Generally, contestability clause lapses after two years.[DiMaggio v. Roslyn Sav. Bank, 276 A.D.2d 584 (N.Y. App. Div. 2d Dep't 2000)]