The following is the manufacturer's warranty policy as published by Telegizmos.
All TeleGizmos covers come with a one year material and craftsmanship warranty.
Series 365 covers are warranted for one year from date of purchase including all labor and material. Continuous 24/7, 365 outside (full weather) exposure is covered in this warranty protection. If your cover fails due to either a manufacturing or material defect, TeleGizmos will repair or replace the cover during this warranty period. Proof of purchase required. This warranty is fully transferable. This warranty does not include coverage of normal wear and tear.
Source: http://www.telegizmos.com/365%20Cover%20Page.htm, http://www.telegizmos.com/index.htm