Common use of Replacement Plan Clause in Contracts

Replacement Plan. The coverage for the Replacement Plan coverage begins on the date of product purchase and continues for the period indicated on your sales receipt or until a replacement claim is paid, whichever occurs first. Coverage under this Plan is effective immediately upon the expiration of the shortest portion of the manufacturer’s original written parts and labor warranty. In the event your covered product suffers a mechanical or electrical failure following the expiration of the shortest portion of the manufacturer’s parts and labor warranty, this Plan will replace your original product with a product of equal or similar features and functionality, though not necessarily the same brand. A replacement product may be new or refurbished. The Replacement Plan does not cover trip, labor or shipping. You may be required to ship or deliver the defective product prior to receiving reimbursement or a replacement product.