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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.
1 Cover for parts and labour up to 4 years. â . 2  Does not cover normal wear and tear. 3  You'll receive 100% coverage for all parts and labour, including wear and tear. 4  After your warranty ends, you must take care of locating, arranging, and paying for service.