Which of these is an example of an express warranty in an insurance policy?

A: A promise by the insurer that cover will continue as long as the premium is paid by the insured

B: A promise by the insured that the items of value will be stored in a locked safe overnight

C: A promise by the insured that he has acted in good faith throughout negotiations

D: A promise by the insured that claims will be notified within 28 days

Answer:

B.An express warranty is specified in the policy. It is an understanding by the insured that something will or will not be done or that a certain state of affairs does or doesn't exist.