Lady
You should have a written health guarantee/contract for your new puppy parents to sign if you don't already. It should outline what you cover and for what period of time, as well as the recourses you/buyer have in the event the puppy falls ill. This makes proper procedure clear for everyone and will (hopefully) avoid litigation in the event that a problem arises. I would say hold onto any money for the short-term incubational health guarantee (if you guarantee against incubational conditions for 7 or 14 days, hold the money until that time has expired). You never know what will arise with puppies, or when, and it's not feasible to hold onto the money you made for years while you wait for the puppy to develop some kind of hereditary condition!
If you want a copy of my health guarantee (it's legalese-y), PM me.
~Ash
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