Coverage Effective Dates. Buyer Conversion Coverage Seller Coverage that has converted to Buyer Coverage after closing of the Covered Property, is effective on the date of closing of the applicable real estate transaction. Buyer Direct Coverage Effective on the date of closing for the Covered Property. New Home Coverage Effective 365 days from the date of closing for the Covered Property and expires three (3) years from Agreement effective date. Open Direct Coverage Effective thirty (30) days after required payment has been received by Us.
