True or False: A warranty is never considered part of an insurance contract.

A warranty is an important aspect of an insurance contract. In insurance terms, a warranty refers to a statement or promise made by the insured regarding the condition of the insured property or the insured’s compliance with certain conditions. This promise is considered a foundational part of the contract, and if a warranty is breached, it could potentially void the policy.

In many insurance contracts, warranties are explicitly stated and play a critical role in defining the obligations of both the insurer and the insured. Unlike representations, which may allow for some leeway in truthfulness, warranties must be strictly adhered to. This is why the claim that a warranty is never considered part of an insurance contract is incorrect. Warranties are integral to the contract and can significantly affect liability and coverage.