Which of the following is a statement that is guaranteed to be true, and if untrue, may breach an insurance contract?

A warranty is a specific promise or guarantee within an insurance contract that certain conditions or facts are true. If a warranty is not fulfilled or is found to be untrue, it may lead to a breach of the insurance contract. Warranties are usually made by the insured and are considered essential to the risk assessment undertaken by the insurer. Therefore, if a warranty is breached, the insurer may have the right to void the contract or deny a claim.

In contrast, representations are statements made by the insured that are believed to be true but are not guaranteed. If a representation is found to be false, it does not automatically constitute a breach of contract unless the insurer relied on that representation when forming the contract. Indemnity refers to the principle of restoring the insured to the financial position they held before a loss, and concealment involves withholding information that could affect the underwriting process, neither of which carries the same contractual guarantee that a warranty does.