Consequential damages coverage?
I recently read a thread on this forum regarding the need for "consequential coverage". Thinking that I was reasonably sure I had requested and paid for that type contract coverage but wanting to be ...
Forum Discussion
No, it's not the same thing. "Exclusionary" refers to the components that are covered under the contract, i.e. that all components are covered unless listed under "excluded". It does not refer to the type or amounts of damages (repairs) that will be paid for.
An excluded component is not covered at all, but a covered component is still subject to the other provisions of the contract, e.g. restrictions as to why and how the damage occurred or the type of costs that will be reimbursed. For example, the contract might pay for an actual replacement part and installation labor, but not pay for shipping the part to the shop or storage fees while awaiting repairs.
An excluded component is not covered at all, but a covered component is still subject to the other provisions of the contract, e.g. restrictions as to why and how the damage occurred or the type of costs that will be reimbursed. For example, the contract might pay for an actual replacement part and installation labor, but not pay for shipping the part to the shop or storage fees while awaiting repairs.
