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July 22, 2021

7/22/2021 01:24:00 PM

 What is the differnece between  Coverd Item and Converage Item?

Covered Item

Coverage Item

An item that a coverage item covers. For example, a six month warranty is a coverage item for a laptop computer, and the laptop computer is the covered item.

An item that adds value by providing coverage for another item. For example,a six month warranty is a coverage item for a laptop computer, and the laptop computer is the covered item. Extended Warranty, Service Level Agreement, Software Maintenance, and Subscription are each an example of a coverage.


 
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