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DEFINITION of 'Warrant Coverage'. An agreement between a company and its shareholders whereby the company issues warrants equal to some percentage of the dollar amount of the shareholder's investment. Next Up.
Comprehensive Coverage. 1  What is Comprehensive Insurance Coverage? When your vehicle is damaged as the result of an incident other than a collision, comprehensive insurance is an optional coverage that will pay the cost, minus your deductible, of repairing or replacing it. For example, you're covered if your vehicle sustains damage from a storm, a flood, a fire, vandalism, or theft.