All states, through either statutes or court decisions, require landlords to observe the warranty of habitability in leases of residential property. In this context the warranty of habitability is a promise that the premises comply with all relevant building codes and that they will be properly maintained and will be fit for habitation throughout the period of the tenancy. Specifically, the landlord promises to make necessary repairs in a prompt and reasonable fashion and to provide such basic services as water, heat, and electricity. If a landlord breaches the implied warranty of habitability, the tenant may withhold rent and sue for any financial losses resulting from the breach. Insurance A warranty in an insurance policy is a promise by the insured party that statements affecting the validity of the contract are true.
Most insurance contracts require the insured to make certain warranties.
For example, to obtain a health insurance policy, an insured may have to warrant that he does not suffer from a terminal disease. If a warranty made by an insured turns out to be untrue, the insurer may cancel the policy and refuse to cover claims by the insured. Not all misstatements made by an insured give the insurer the right to cancel a policy or refuse a claim. Only misrepresentations on conditions and warranties in the contract give an insurer such rights. To qualify as a condition or warranty, the statement must be expressly included in the contract, and the provision must clearly show that the parties intended that the rights of the insured and insurer would depend on the truth of the statement.