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My basement was flooded, and my Precor was underwater. Is this covered under warranty?

"Warranty is defined as covering failures due to defects in materials or workmanship of the equipment itself. Catastrophic environmental failures are not covered under the scope of our warranty, but may be subject to other types of insurance.
If your Precor equipment has been exposed to a catastrophic environmental failure, we recommend you immediately cease using the equipment until it has been fully inspected."