Question

What is the difference between a "condition" and a

Q: Answer-What is the difference between a 'condition' and a 'warranty' in an insurance policy?

Breach of a condition can have more serious consequences than breach of a warranty. Breach of a condition can make the entire policy void, while breach of a warranty may only give the insurer the right to avoid the contract or deny a claim for the specific loss related to the breached warranty.

"warranty" in an insurance policy?

A Breach of a condition may void the policy, while breach of a warranty may only give the insurer the right to avoid the contract.

B Conditions are always express, while warranties are always implied.

C Conditions relate to the insured's actions, while warranties relate to the insurer's obligations.

D Conditions are more important than warranties in determining coverage

E None of the above

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What is the difference between a "condition" and a

Solution