Which components of a policy can void the policy if breached?

Warranties are specific promises or guarantees made by the policyholder that certain conditions or facts are true and will continue to be true throughout the term of the policy. If a warranty is breached, this can provide the insurer a legal basis to void the policy. In this context, a warranty is typically interpreted as an integral part of the contract, meaning that adherence to these stipulations is essential for the validity of the insurance agreement. If the promised condition is not met, the insurer may have the right to cancel the policy as if it had never been in effect.

Exclusions outline specific scenarios or conditions that the policy does not cover and are not typically grounds for voiding a policy since they serve to define the limits of coverage rather than the enforceability of the policy itself. Declarations are simply statements regarding the insured, such as the policyholder's identity and coverage amounts; breaching these would not necessarily void the policy but may affect the terms of coverage. Conditions refer to the obligations that both the insurer and the insured must fulfill; while failure to adhere to certain conditions may result in denial of a claim, they do not automatically void the policy as a warranty would.