A service warranty is a guarantee provided by a company that promises to repair or replace a product or service if it fails to meet certain standards within a specified period. This warranty assures customers that they will receive support and assistance if issues arise, enhancing their confidence in the purchase. Typically, a service warranty covers defects in materials or workmanship and may include additional services like maintenance. Customers should review the terms and conditions, as warranties can vary significantly between different products and companies, such as electronics manufacturers or automobile dealerships.