Home warranty insurance definition

Home warranty insurance means coverage:
Home warranty insurance means a contract of insurance covering defects in the construction of a new home or renovation, and consequential losses or costs incurred by the owner;
Home warranty insurance has the same meaning as defined in the Act, unless a Warranty Policy issued pursuant to this Builder Agreement provides Home Warranty Insurance coverage in excess of the requirements of the Act, in which case such excess coverage is included in this definition;

Examples of Home warranty insurance in a sentence

  • Home warranty insurance can be purchased to insure buyers against costly defects that aren’t discovered during the inspection.

  • Home warranty insurance is a safety net in the event that this is not possible.

  • Home warranty insurance protects homeowners against financial loss arising from defective or incomplete building work, and also provides protection for subsequent owners.

  • Such discussions will not affect the work schedules and working conditions for current employees, unless such an employee wishes to have a change in his work schedule.

  • Non-application of Part to certain residential building workDivision 2 – Home warranty insurance required77C.

  • Home warranty insurance is designed to give you some financial security and peace of mind against risks that you can’t control.

  • Home warranty insurance is defined in section 90 as insurance 12under a contract of insurance required to be entered into by or under 13Part 6.

  • Home warranty insurance allows insured homeowners to make a claim for a breach of the statutory warranties when their builder is no longer around because they have died, disappeared, become insolvent or had their licence suspended because of non-compliance with a money order from a Court or the Consumer, Trader and Tenancy Tribunal.

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  • Home warranty insurance needs to be providedby all builders before receiving any money from a home owner under a residential building contract and before starting any work.

Related to Home warranty insurance

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Property Insurance is defined in Section 6.10(a).

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Casualty insurance means liability insurance.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Blanket travel insurance means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • First party insurance means an insurance policy or contract in which the insurer

  • Blanket insurance policy means a group policy covering a defined class of

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Dental Insurance The District shall contribute $175.00 annually toward the cost of dental insurance whether for single or family coverage for full status employees who qualify for and enroll in the plan. The cost of the premium not contributed by the District for family coverage shall be borne by the employee through payroll deduction. This coverage shall continue for the duration of this contract.

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Credit property insurance means insurance:

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a resident licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • Personal lines insurance means property and casualty insurance coverage sold for primarily noncommercial purposes to:

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.