Check out the F&Q for Licensing:
https://documentation.meraki.com/General_Administration/Licensing/Meraki_Licensing_FAQs
How does the hardware warranty relate to licensing?
The hardware warranty is tied to the hardware unit, not the license. Hardware that has a lifetime warranty (e.g., the MR24) is warranted for the life of the hardware. Hardware with a fixed-term warranty, (e.g., 1 year), has a 1-year warranty, regardless of the license.
Hope this helps
Roger