Common use of Automatic Extended Reporting Period Clause in Contracts

Automatic Extended Reporting Period. If this Policy is cancelled or non-renewed by either the Company or by the Named Insured, the Company will provide to the Named Insured an automatic, non-cancelable Extended Reporting Period starting at the termination of the Policy Period if the Named Insured has not obtained another policy of real estate professional errors and omissions insurance within sixty (60) days of the termination of the Policy Period. This automatic Extended Reporting Period will terminate after sixty (60) days.

Appears in 2 contracts

Samples: Real Estate Professional Errors & Omissions Insurance Policy, Real Estate Professional Liability Insurance Policy

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Automatic Extended Reporting Period. If this Policy is cancelled canceled or non-renewed either by either the Company Insurer or by the First Named InsuredInsured and the First Named Insured has not obtained similar coverage, the Company Insurer will provide to the Named Insured an automatic, non-cancelable Extended Reporting Period starting at the termination of the Policy Period if the Named Insured has not obtained another policy of real estate professional errors and omissions insurance within sixty (60) days of the termination of the Policy PeriodTerm. This automatic Extended Reporting Period will terminate after sixty (60) days.

Appears in 1 contract

Samples: Professional Liability Insurance Agreement

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Automatic Extended Reporting Period. If this Policy is cancelled or non-renewed by either the Company or by the Named Insured, the Company will provide to the Named Insured an automatic, non-cancelable automatic Extended Reporting Period starting at the termination of the Policy Period if the Named Insured has not obtained another policy of real estate professional errors and omissions insurance within sixty (60) days of the termination of the Policy Period. This automatic Extended Reporting Period will be granted at no additional premium and will terminate after sixty (60) days.

Appears in 1 contract

Samples: Real Estate Professional Errors & Omissions Insurance Policy

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