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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.
â¢ Coverage extends from a vehicle that qualifies as a âYour Covered Autoâ; rather than an individual or entity. Medical Payments Coverage Part (Added by Endorsement). âYou,â; and Family Member (if the insured is an Individual) while âoccupyingâ; an auto or when struck as a pedestrian.