What must remain true for a warranty within an insurance contract?

A warranty within an insurance contract represents a promise or guarantee made by the insured that certain facts or conditions are true at the time the contract is made. This means that when a warranty is included, it must be true at the inception of the contract for the coverage to be valid. If a warranty is found to be untrue or violated, the insurer has the right to deny a claim or cancel the policy.

This concept contrasts with other statements regarding warranties: they typically cannot be modified after signing unless both parties agree to the changes, they must be accurate at the time of the contract and are expected to remain so, and while some aspects of a warranty might evolve, the initial truth is critical to the contract's enforceability. Warranties do not necessarily require continuous substantiation with evidence, but they do need to reflect true conditions as understood at the time of entering into the agreement.