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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.
REPLACEMENT PLAN. â¢ Coverage begins after the manufacturerâs warranty expires. â¢ Coverage available on items up to $299.99. â¢ One-time replacement coverage for failed products. handled over-the-counter. â¢ Should the covered item fail, you will receive an identical or. similar replacement or a Merchandise Credit Check from Menards. â¢ Coverage begins after the manufacturerâs warranty expires. â¢ Coverage available on items $300 and up. â¢ Coverage includes 100% parts and labor.