what is promissory warranty
Promissory warranty in terms of the law of insurance is a warranty that facts will continue to be as stated all through the policy period.Such a warranty assures that a fact or condition is and will remain to be true.romissory Warranty Law & Legal Definition. Promissory warranty in terms of the law of insurance is a warranty that facts will continue to be as stated all through the policy period. Such a warranty assures that a fact or condition is and will remain to be true.