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What does a Limited Lifetime Warranty Policy really mean?

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What does a Limited Lifetime Warranty Policy really mean?

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Our Limited Lifetime warranty policy means that for the first 2 years you own the product, KMC Music will cover all parts and labor for anything deemed defective. After that initial 2 year period, KMC Music will cover the parts for anything deemed defective as long as you own the product, but now the consumer is responsible for any labor charges incurred in the repair. Please Note: All electronics, machine heads and strings are not covered under warranty.

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