Warranty

Jargon Buster

December 9, 2019

Jargon Buster

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Warranty

A warranty is a guarantee or condition in an insurance policy which in put in place by the insurer.

This will entitle the insurer to deny any liability. An insurer warranty can be described as a promise made by the policyholder to the insurer relating to facts and/or performance of the business. Any warranties must be strictly complied with.