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Simply so, how long are AC units under warranty?
Air conditioning systems typically last 15 to 20 years, so a longer warranty term is effective for a significant portion of the system's expected service life. If your system's defect is covered by warranty, the cost of the new component will be covered, but you may have to pay for the labor service cost.
Accordingly, is a AC compressor covered under warranty?
If your air conditioner is less than 10 years old, there's a good chance the compressor is still covered by the manufacturer's warranty. Assuming the AC's other components are all in good working order and you plan to keep the system for another few years, you may as well take advantage of the warranty.
If you have received a professional confirmation that your AC compressor is in disrepair you now have to face a few options: replace the AC compressor, replace the entire condensing unit with or without the indoor evaporator coil, or replace the whole cooling and heating system.