It MIGHT cause you problems. If, for example, you've moved but just forgot to put your licence in for the address change, then it shouldn't be a problem.
BUT, if you've done it deliberately : for example you live at the licence address, but you have been putting down another address as where you keep the car (for example as its a lower crime area, and thus lower risk, and thus cheaper insurance), then you might find your policy being cancelled, for attempting to defraud them.
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