Affirmative Warranty

Published: | Updated: January 29, 2018

Definition - What does Affirmative Warranty mean?

An affirmative warranty is a warranty in which the quality of the item under warranty is verified before the warranty goes into effect.

Warranties are a type of insurance policy, and affirmative warranties serve the purpose of guaranteeing to both parties that the item is of the stated quality before it is insured.

Insuranceopedia explains Affirmative Warranty

Affirmative warranties can be especially important for items that have a high value. The additional guarantees afforded by the quality check ensure help the party issuing the warranty avoid a greater loss from offering to insure defective, faulty, or damaged expensive items. Affirmative warranties also help the purchaser by providing added security and protection against buying a poor quality product.

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