What is the Definition of Warranty Insurance?

What is the Definition of Warranty Insurance?

Coverage that compensates consumers for the cost of repairing or replacing defective products past the normal warranty period provided by manufacturers.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Warranty Insurance?

You can find random definition and meaning of insurance terms below:


What is the meaning of Foreign Investment

an investment in a foreign jurisdiction, or an investment in a person, real estate or asset domiciled in a foreign jurisdiction. An investment shall not be deemed to be foreign if the issuing person, qualified primary credits source or qualified guarantor is a domestic jurisdiction or a person domiciled in a domestic jurisdiction, unless: a) The issuing person is a shell business entity; and b) The investment is not assumed, accepted, guaranteed or insured or otherwise backed by a domestic juri


What is the meaning of Foreign jurisdiction

a jurisdiction outside of the United States, Canada or any province or political subdivision of the foregoing.


What is the meaning of Fraternal Insurance

a form of group coverage or disability insurance available to members of a fraternal organization.


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