Wednesday, 11 March 2015

Difference Between a Full Warranty and a Limited Warranty?


Full Warranty



Any company offering a full warranty must repair or replace the product during the specified warranty period.  A full warranty may be active for just a limited time after the item is purchased, perhaps 60 or 90 days, or it may cover the product "for life" . But the actual scope of a lifetime warranty may mean the item is covered for its lifetime on the market (until it is discontinued) or it may last only for as long as the original buyer owns it, but it rarely comes without conditions.





 Limited Warranty



As its name implies, a limited warranty is limited to just the specified parts, certain types of defects, or other conditions. Often, it covers just the parts and not the labor required to fully fix something. A limited warranty also may include the stipulation that the manufacturer and the consumer split the cost of repairs for a given period of time.



Typically, both limited and full warranties cost extra as an add-on.







Sourse - http://consumer.findlaw.com/consumer-transactions/difference-between-a-full-warranty-and-a-limited-warranty.html

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