The applicant hereto, states that he/she has read this application and warrants that the information provided by the applicant is true and complete and without omission and that said information was provided as an inducement to the insurance company to issue a policy, and it is a special condition of this policy that it shall be NULL and VOID and of no benefit or effect whatsoever as to any claim arising there under in the event that the information in the application should provide to be false or fraudulent in nature. It is understood that NO COVERAGE will be effective if the check given as down payment is not honored by the bank upon which it is drawn.