What is coverage type in SAP LO-WTY - Warranty Claim Processing?

SAP Term: coverage type

• Component: LO-WTY

• Component Name: Warranty Claim Processing

• Description: Classification as to whether and how a claim is covered based on the contract scenario for example, warranty or not covered.

Smart SAP Assistant

• Key Concepts: 
  Coverage type is a feature of the LO-WTY Warranty Claim Processing component in SAP. It is used to define the type of coverage that is provided for a particular warranty claim. Coverage types can include full coverage, partial coverage, or no coverage. 
  
  How to use it: 
  In order to use the coverage type feature, you must first create a warranty claim in SAP. Once the claim has been created, you can select the appropriate coverage type from the drop-down menu. You can also specify any additional details related to the coverage type, such as the duration of the coverage or any applicable restrictions. 
  
  Tips & Tricks: 
  When selecting a coverage type for a warranty claim, it is important to consider all of the available options and select the one that best meets your needs. Additionally, it is important to ensure that all of the details related to the coverage type are accurately entered into SAP in order to ensure that the claim is processed correctly. 
  
  Related Information: 
  For more information on using the coverage type feature in SAP LO-WTY Warranty Claim Processing, please refer to SAP Help documentation or contact your local SAP support team.