In a Warranty Contract, the typical coverage options that can be included on a contract line are Labor, Shipping, and Replacement. Labor covers the cost of work required to fix an issue, Shipping covers the cost of sending items for repair or replacement, and Replacement covers the cost of providing a new item if the original one is defective or broken. Financial Loss and Children are not typically covered in warranty contracts, and while Materials might seem relevant, it is less likely to be a specific coverage option compared to the others mentioned.