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Warranty 101 Terminology

Basic Warranty Terminology for New Hires to learn and build on their technical lingo for the company.

AB
ADHAccidental Damage Handling
BERBeyod Economic Repair unit cannot be fixed and is claim is moving to Alternate Business Solution
BOBBook of Business another name for Account Name
Buy-OutIf we can’t fix we replace and if we can’t replace we refund
CLAIMRequest for Service against the warranty contract
Contract NumbeAIG internal contract number that can be found WIN or Sna
Client Contract #the client’s internal number ex: Receipt #
DOPDate of Purchase Contract bought on the same date as the product
EUEnd User/Customer
ExpectationsWhat are the business Expectations of what is going to happen for the customer to resolve the issues.
IWIn the Manufacturer’s Warranty
Leap YearWhen the contract dates reflect one day short it is reflecting the correct dates because the contract has fallen in a Leap year.
OEMOriginal Equipment Manufacturer
OWOut of Manufacturer’s Warranty and under the Extended Warranty
PDProblem Description
POPProof of Purchase
Pre-Existing ConditionWhen a unit has had a problem for more than 30 days and is not reporting when it first happen.
Reconditioned/Refurbisheda unit that has been sent back to manufacturer for repair and is for sale again. Manufacturer’s Warranty is only 3 months from Date of Purchase of the product.
RegistrationRegistering the product on the Manufacturer’s Website.
SPService Provider
SPWSpoke with the EU/customer. Approved Abbreviation used in notes on the account
T&C’sTerms and Condition of the Warranty
TPAThird Part Administrator-company that manages the database of the contracts
VIVerified Information Approved Abbreviation used in notes on the account
WOWApproved Abbreviation used in notes on the account
Manufacturer Warranty1 year from the date of purchase of the product.
Extended Warrantybegins after the Manufacturer warranty ends and depending on the product it can run from 1- 10 years.
Date of Purchase Warrantyfirst year of the extended warranty runs concurrent with the Manufacturer’s warranty this happens when the product and the warranty are bought on the same day.
Expired Warrantythe warranty is over when it comes to its end date. The warranty expires @ midnight eastern standard time.
Renewal Warrantywarranty renews every year with a new yearly contract dates. This could be a monthly or yearly subscription or a eu calls in more than thirty days before the expiration date and purchases a new warranty.
Manufacturer Recalla defect in the manufacturing of the product and it is called back to the manufacturer to be fixed. If the product is under the extended warranty it goes back to the manufacturer to be repaired for the recalled issue.
SKUthis gives all the information for the warranty.
Cancellation of Contractcustomer can request a cancellation but it also has to be submitted in writing to the third party administrator.
No Lemon Warrantywhen a unit has three separate claims under the extended warranty for the same issue then we would set up a fourth claim and it will be reviewed for a lemon. If approved the customer will received a replacement or buyout and will be contacted by the claims examiner department.
reworka unit that is still in the wow period and needs a repair for the same issue.


Jeffersonville, IN

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