A warranty is a statement or provision within an insurance policy that is guaranteed to be true throughout the entire duration of the policy. This means that if a warranty is included in a contract, the insured must comply with that warranty for the policy to remain valid. If the warranty is found to be untrue at any point during the life of the policy, the insurer has the right to deny claims or even void the policy altogether.
In contrast, representations are statements made by the insured that are believed to be true to the best of their knowledge at the time the insurance application is submitted. However, if it is later discovered that a representation was not accurate, the insurer must show that the misrepresentation was material to deny coverage. Conditions refer to specific provisions that dictate the duties and obligations of both the insurer and the insured, and they can change throughout the policy period as circumstances evolve. An endorsement is an amendment or addition to an existing policy that alters its terms or coverage but does not guarantee the truth of any statement.