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baddestbunny
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Simple English definitions for legal terms
continuing warranty
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A quick definition of continuing warranty:
A continuing warranty is a promise made by a seller or manufacturer that a product will work as intended for a certain period of time. This promise can be written or implied, and it means that if the product doesn't work properly, the seller or manufacturer will fix or replace it. It's like a guarantee that the product will work as advertised. This type of warranty can be important when buying expensive items like cars or appliances, as it gives the buyer peace of mind that they won't be stuck with a faulty product.A more thorough explanation:
A continuing warranty is a type of warranty that promises that the facts stated in the warranty will continue to be true throughout the policy period. This means that if the warranty is broken, the insurer can use it as a defense to a claim under the policy.
For example, if a homeowner purchases a continuing warranty for their roof, the warranty promises that the roof will remain in good condition for the entire policy period. If the roof starts to leak during the policy period, the homeowner can make a claim under the warranty. However, if it is discovered that the homeowner did not properly maintain the roof, the insurer can use the continuing warranty as a defense to deny the claim.
Overall, a continuing warranty is a type of insurance policy that promises that certain facts will remain true throughout the policy period. If the warranty is broken, the insurer can use it as a defense to deny a claim under the policy.