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Warranty. In law, a warranty is an expressed or implied promise or assurance of some kind. The term's meaning varies across legal subjects. [1] In property law, it refers to a covenant by the grantor of a deed. [2] In insurance law, it refers to a promise by the purchaser of an insurance about the thing or person to be insured.
The cost of a home warranty ranges from about $220 to $1,880 per year, according to HomeAdvisor. The plan can cost more if you want add-on coverage for areas like a guest house or swimming pool ...
Extended Computer Protection from AOL offers up to $2,500 in coverage as part of your AOL membership, you can receive from $250 to $2,500 in computer coverage, depending on your plan. Benefits include: Coverage for a single PC, laptop or tablet, regardless of make and model. Accidental Damage from Handling coverage for laptops and tablets.
The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law ( 15 U.S.C. § 2301 et seq. ). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
Home insurance. Home insurance, also commonly called homeowner's insurance (often abbreviated in the US real estate industry as HOI ), is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents ...
Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. [1] With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. The company that purchases the reinsurance ...
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