Affirmative Warranty
Updated: 13 January 2025
What Does Affirmative Warranty Mean?
An affirmative warranty is a warranty in which the quality of the item covered is verified before the warranty takes effect.
Warranties are a form of insurance policy, and affirmative warranties specifically ensure that both parties are guaranteed the item meets the stated quality before it is insured.
Insuranceopedia Explains Affirmative Warranty
Affirmative warranties are particularly important for high-value items. The additional guarantees provided by the quality check help the party issuing the warranty avoid significant losses from insuring defective, faulty, or damaged items. For the purchaser, affirmative warranties offer added security and protection against acquiring a low-quality product.
Related Definitions
Related Terms
Related Articles
The Key Elements of an Insurance Contract
9 Hidden Insurance Perks Your Credit Card Provider Might Offer
8 Types of Insurance Most Americans Should Avoid
The Future of Insurtech: How Technology is Transforming the Insurance Industry
Future Trends in Pain Management Billing and Insurance: Adapting to Change
Understanding EPO Health Insurance Plans
Related Reading
Revealing the Most And Least Popular U.S. Insurance Companies
How to Get Into the Insurance Industry With a Finance Degree