New Home Coverage definition

New Home Coverage is coverage purchased at the time of closing of the applicable real estate transaction on a newly constructed home. • “Open Direct Coverage” is coverage available to homeowners not immediately purchasing or selling their home.
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Examples of New Home Coverage in a sentence

  • Where permitted by state law, Buyer Conversion Coverage, Buyer Direct Coverage, Open Direct Coverage or New Home Coverage may automatically renew at the sole and exclusive option of the Issuing Company for successive twelve (12) month(s).

  • New Home Coverage Effective 365 days from the date of closing for the Covered Property and expires three (3) years from Agreement effective date.

Related to New Home Coverage

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

  • 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.