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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.
For some parts, coverage terms are extended for up to a lifetime warranty. The coverage period begins as of the date and odometer reading recorded on the original invoice for the eligible repair(s) and/or service(s). Brake System(s) excluding overhaul. Parts: 24 months/24,000 miles.