Common use of POWER SURGE Clause in Contracts

POWER SURGE. This feature protects your covered product against damage or defects caused by a power surge up to a maximum of the replacement cost of the product over the life of the contract while your covered product is properly connected to a surge protector approved by the Underwriter’s Laboratory. Assuming appropriate connection to a UL- approved surge protector (not required for Major Appliances), if your covered product suffers damage from a power surge, you must first file a claim with the insurance carrier who provides your homeowner’s/renter’s insurance and/or to the power surge manufacturer’s insurance carrier for reimbursement of the cost to repair your covered product. The Administrator will reimburse any applicable carrier’s deductible up to a $1,000 limit once proof of a valid claim is provided. No Lemon Guarantee – If we have completed two service repairs for the same problem on an individual product or component, which first began after the manufacturer’s warranty term had expired, and if the product or component requires a third repair for the identical problem as determined by us, we reserve the right to replace the product with one of like kind and quality, not to exceed the original retail purchase price excluding shipping, handling, and taxes. Once a covered product is replaced, then this contract is considered fulfilled and coverage ends. Preventative maintenance checks, cleaning, product diagnosis, customer education, accessory repairs/replacements, computer software related problems, and any unauthorized repairs done outside of the USA are not considered repairs for the purposes of this Replacement Guarantee.

Appears in 2 contracts

Samples: www2.wcpsonline.com, registration.warrantechprotectionplan.com

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POWER SURGE. This feature protects your covered product against damage or defects caused by a power surge up to a maximum of the replacement cost of the product over the life of the contract while your covered product is properly connected to a surge protector approved by the Underwriter’s Laboratory. Assuming appropriate connection to a UL- approved UL‐approved surge protector (not required for Major Appliances), if your covered product suffers damage from a power surge, you must first file a claim with the insurance carrier who provides your homeowner’s/renter’s insurance and/or to the power surge manufacturer’s insurance carrier for reimbursement of the cost to repair your covered product. The Administrator will reimburse any applicable carrier’s deductible up to a $1,000 limit once proof of a valid claim is provided. No Lemon Guarantee Protection – If we have completed two service repairs for the same problem on an individual product or component, which first began after the manufacturer’s warranty term had expired, and if the product or component requires a third repair for the identical problem as determined by us, we reserve the right to replace the product with one of like kind and quality, not to exceed the original retail purchase price excluding shipping, handling, and taxes. Once a covered product is replaced, then this contract is considered fulfilled and coverage ends. Preventative maintenance checks, cleaning, product diagnosis, customer education, accessory repairs/replacements, computer software related problems, and any unauthorized repairs done outside of the USA are not considered repairs for the purposes of this Replacement Guarantee.

Appears in 1 contract

Samples: www2.wcpsonline.com

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POWER SURGE. This feature protects your covered product against damage or defects caused by a power surge up to a maximum of the replacement cost of the product over the life of the contract while your covered product is properly connected to a surge protector approved by the Underwriter’s Laboratory. Assuming appropriate connection to a UL- approved surge protector (not required for Major Appliances), if your covered product suffers damage from a power surge, you must first file a claim with the insurance carrier who provides your homeowner’s/renter’s insurance and/or to the power surge manufacturer’s insurance carrier for reimbursement of the cost to repair your covered product. The Administrator will reimburse any applicable carrier’s deductible up to a $1,000 limit once proof of a valid claim is provided. No Lemon Guarantee Protection – If we have completed two service repairs for the same problem on an individual product or component, which first began after the manufacturer’s warranty term had expired, and if the product or component requires a third repair for the identical problem as determined by us, we reserve the right to replace the product with one of like kind and quality, not to exceed the original retail purchase price excluding shipping, handling, and taxes. Once a covered product is replaced, then this contract is considered fulfilled and coverage ends. Preventative maintenance checks, cleaning, product diagnosis, customer education, accessory repairs/replacements, computer software related problems, and any unauthorized repairs done outside of the USA are not considered repairs for the purposes of this Replacement Guarantee.

Appears in 1 contract

Samples: www.guardsman.com

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