Question
What is the difference between a "condition" and a
"warranty" in an insurance policy?Solution
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.
Match Column I and Column II and choose the correct match from the given choices
Column (1)
Match Column I and Column II and choose the correct match from the given choice
Choose the combination that completes the sentence.
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