Common use of Coverage; Coverage Period; Payment Clause in Contracts

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section 4 of the Contract for the service(s) on your Invoice. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the Company will pay no more than $1,000 for covered Equipment in this Contract. b. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. Coverage is available only in conjunction with your anticipated sale of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage for the Property. Your coverage becomes effective the day the Invoice is received by the Company and continues until the earlier of (a) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale (the “Coverage Period”). At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. d. You will be required to pay the lesser of the applicable service fee ($150) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines of the perimeter of the foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test.

Appears in 5 contracts

Sources: Standard Real Estate Seller’s Terms and Conditions, Standard Real Estate Seller’s Terms and Conditions, Standard Real Estate Seller’s Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section 4 of the Contract for the service(s) on your Invoice. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the Company will pay no more than $1,000 for covered Equipment in this Contract. b. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. Coverage is available only in conjunction with your anticipated sale of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage for the Property. Your coverage becomes effective the day the Invoice is received by the Company and continues until the earlier of (a) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale (the “Coverage Period”). At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. d. You will be required to pay the lesser of the applicable service fee ($150) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe proper working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines interior of the perimeter of the main foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test.

Appears in 4 contracts

Sources: Standard Real Estate Seller’s Terms and Conditions, Standard Real Estate Seller’s Terms and Conditions, Standard Real Estate Seller’s Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 6 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section Sections 4 and 5 of the Contract for the service(s) on your Invoice. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the b. Subject to purchase of Contracts for multiple-unit properties in accordance with Section 5(e) and Section 9, the purchaser of this Contract agrees and acknowledges that coverage described in these terms and conditions are solely available to Real Estate Buyers of owner-occupied Property. The Company will pay no more than $1,000 provides an optional add-on coverage for covered Equipment use in conjunction with this ContractContract for a Property that is not owner-occupied. The Company reserves the right to cancel this Contract or require the purchase of the optional add-on coverage prior to covering any service request should it determine that the Property is not owner-occupied. b. c. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. d. Coverage is available only in conjunction with under this Contract begins at the closing of your anticipated sale purchase of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage continues for the Property. Your coverage becomes effective the day term described in the Invoice is received by the Company and continues until the earlier of (a) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale (the “Coverage Period”). Payment of the fees required for coverage under this Contract as specified in the Invoice are due and payable the Property purchase closing date. If payment is not received within fourteen (14) days after such closing date, the Company has a right to cancel this Contract and pursue reimbursement for any claims previously paid, subject to any state specific cancellation limitations. At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. d. e. You will be required to pay the lesser of the applicable service fee ($150100) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or Form: Buyers-All220331C Page 1 of 7 charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. f. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines of the perimeter of the foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test. The Company may require additional documentation to confirm compliance with these terms and conditions in the event coverage is requested for unknown defects.

Appears in 2 contracts

Sources: Standard Real Estate Buyer’s Terms and Conditions, Standard Real Estate Buyer’s Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section 4 of the Contract for the service(s) on your Invoicethese term Contract. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the Company will pay no more than $1,000 for covered Equipment in this Contract. b. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. Coverage is available only in conjunction with your anticipated sale of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage for the Property. Your coverage becomes effective the day the Invoice is received by the Company and continues until the earlier of (a) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale (the “Coverage Period”). At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. d. You will be required to pay the lesser of the applicable service fee ($150100) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines of the perimeter of the foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test.

Appears in 2 contracts

Sources: Standard Real Estate Seller’s Basic Terms and Conditions, Standard Real Estate Seller’s Essentials Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 6 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section Sections 4 and 5 of the Contract for the service(s) on your Invoice. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the b. Subject to purchase of Contracts for multiple-unit properties in accordance with Section 5(e) and Section 9, the purchaser of this Contract agrees and acknowledges that coverage described in these terms and conditions are solely available to Real Estate Buyers of owner-occupied Property. The Company will pay no more than $1,000 provides an optional add-on coverage for covered Equipment use in conjunction with this ContractContract for a Property that is not owner-occupied. The Company reserves the right to cancel this Contract or require the purchase of the optional add-on coverage prior to covering any service request should it determine that the Property is not owner-occupied. b. c. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. d. Coverage is available only in conjunction with under this Contract begins at the closing of your anticipated sale purchase of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage continues for the Property. Your coverage becomes effective the day term described in the Invoice is received by the Company and continues until the earlier of (a) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale (the “Coverage Period”). Payment of the fees required for coverage under this Contract as specified in the Invoice are due and payable the Property purchase closing date. If payment is not received within fourteen (14) days after such closing date, the Company has a right to cancel this Contract and pursue reimbursement for any claims previously paid, subject to any state specific cancellation limitations. At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. d. e. You will be required to pay the lesser of the applicable service fee ($15075) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for Form: Buyers-ID220331C Page 1 of 5 the service than our coverage limits, you will be required to pay the excess expenses. e. f. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines of the perimeter of the foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test. The Company may require additional documentation to confirm compliance with these terms and conditions in the event coverage is requested for unknown defects.

Appears in 2 contracts

Sources: Standard Real Estate Buyer’s Terms and Conditions, Standard Real Estate Buyer’s Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 6 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section Sections 4 and 5 of the Contract for the service(s) on your Invoice. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the b. Subject to purchase of Contracts for multiple-unit properties in accordance with Section 5(e) and Section 10, the purchaser of this Contract agrees and acknowledges that coverage described in these terms and conditions are solely available to Real Estate Buyers of owner-occupied Property. The Company will pay no more than $1,000 provides an optional add-on coverage for covered Equipment use in conjunction with this ContractContract for a Property that is not owner-occupied. The Company reserves the right to cancel this Contract or require the purchase of the optional add-on coverage prior to covering any service request should it determine that the Property is not owner-occupied. b. c. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. d. Coverage is available only in conjunction under this Contract begins after existing coverage expires for Properties with existing Company warranties, or thirty (30) days after Company acceptance of your anticipated sale of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage order for the Property. Your coverage becomes effective the day the Invoice is received by the Company new Properties, and continues until the earlier of for one (a1) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale year thereafter (the “Coverage Period”). Payment of the fees required for coverage under this Contract as specified in the Invoice are due and payable monthly. If payment is not received within fourteen (14) days after any due date, the Company has a right to cancel this Contract and pursue reimbursement for any claims previously paid, subject to any state specific cancellation limitations. At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. The Company’s standard method for continuation is described in the Section 9. (“Renewals”). d. e. You will be required to pay the lesser of the applicable service fee ($150100) or the actual cost of the service to Form: Homeowners-All220331C Page 1 of 7 your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. f. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines of the perimeter of the foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test.

Appears in 2 contracts

Sources: Standard Homeowner’s Terms and Conditions, Standard Homeowner’s Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section 4 of the Contract for the service(s) on your Invoice. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the Company will pay no more than $1,000 for covered Equipment in this Contract. b. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. All replacements must be purchased from a licensed technician or licensed retailer. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. Coverage is available only in conjunction with your anticipated sale of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage for the Property. Your coverage becomes effective the day the Invoice is received by the Company and continues until the earlier of (a) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale (the “Coverage Period”). At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. d. You will be required to pay the lesser of the applicable service fee ($150) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe proper working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines interior of the perimeter of the main foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test.

Appears in 2 contracts

Sources: Standard Real Estate Seller’s Terms and Conditions, Standard Real Estate Seller’s Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 6 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section Sections 4 and 5 of the Contract for the service(s) on your Invoice. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the b. Subject to purchase of Contracts for multiple-unit properties in accordance with Section 5(e) and Section 10, the purchaser of this Contract agrees and acknowledges that coverage described in these terms and conditions are solely available to Real Estate Buyers of owner-occupied Property. The Company will pay no more than $1,000 provides an optional add-on coverage for covered Equipment use in conjunction with this ContractContract for a Property that is not owner-occupied. The Company reserves the right to cancel this Contract or require the purchase of the optional add-on coverage prior to covering any service request should it determine that the Property is not owner-occupied. b. c. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. d. Coverage is available only in conjunction under this Contract begins after existing coverage expires for Properties with existing Company warranties, or thirty (30) days after Company acceptance of your anticipated sale of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage order for the Property. Your coverage becomes effective the day the Invoice is received by the Company new Properties, and continues until the earlier of for one (a1) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale year thereafter (the “Coverage Period”). Payment of the fees required for coverage under this Contract as specified in the Invoice are due and payable monthly. If payment is not received within fourteen (14) days after any due date, the Company has a right to cancel this Contract and pursue reimbursement for any claims previously paid, subject to any state specific cancellation limitations. At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. The Company’s standard method for continuation is described in the Section 9. (“Renewals”). d. e. You will be required to pay the lesser of the applicable service fee ($15075) or the actual cost of the service to your Form: Homeowners-All2303BID Page 1 of 7 selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. f. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe proper working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines interior of the perimeter of the main foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test.

Appears in 1 contract

Sources: Standard Homeowner’s Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 6 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section Sections 4 and 5 of the Contract for the service(s) on your Invoice. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the b. Subject to purchase of Contracts for multiple‐unit properties in accordance with Section 5(e) and Section 9, the purchaser of this Contract agrees and acknowledges that coverage described in these terms and conditions are solely available to Real Estate Buyers of owner‐occupied Property. The Company will pay no more than $1,000 provides an optional add‐on coverage for covered Equipment use in conjunction with this ContractContract for a Property that is not owner‐occupied. The Company reserves the right to cancel this Contract or require the purchase of the optional add‐on coverage prior to covering any service request should it determine that the Property is not owner‐occupied. b. c. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. d. Coverage is available only in conjunction with under this Contract begins at the closing of your anticipated sale purchase of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage continues for the Property. Your coverage becomes effective the day term described in the Invoice is received by the Company and continues until the earlier of (a) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale (the “Coverage Period”). Payment of the fees required for coverage under this Contract as specified in the Invoice are due and payable the Property purchase closing date. If payment is not received within fourteen (14) days after such closing date, the Company has a right to cancel this Contract and pursue reimbursement for any claims previously paid, subject to any state specific cancellation limitations. At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. d. e. You will be required to pay the lesser of the applicable service fee ($150100 for Advantage and Advantage Plus, $75 for Advantage Plus 75) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. f. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines of the perimeter of the foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test. The Company may require additional documentation to confirm compliance with these terms and conditions in the event coverage is requested for unknown defects.

Appears in 1 contract

Sources: Standard Real Estate Buyer’s Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 6 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section Sections 4 and 5 of the these term Contract for the service(s) on your Invoiceplus any Add‐Ons. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the Company will pay no more than $1,000 25,000 per year for covered Equipment in this Contract. b. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. Coverage is available only in conjunction under this Contract begins after existing coverage expires for Properties with existing Company warranties, or thirty (30) days after Company acceptance of your anticipated sale of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage order for the Property. Your coverage becomes effective the day the Invoice is received by the Company new Properties, and continues until the earlier of for one (a1) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale year thereafter (the “Coverage Period”). Payment of the fees required for coverage under this Contract as specified in the Invoice are due and payable monthly. If payment is not received within fourteen (14) days after any due date, the Company has a right to cancel this Contract and pursue reimbursement for any claims previously paid, subject to any state specific cancellation limitations. At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. The Company’s standard method for continuation is described in the Section 9. (“Renewals”). d. You will be required to pay the lesser of the applicable service fee ($15070) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines of the perimeter of the foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for Form: Homeowners1C‐All200619 Page 1 of 5 unknown defects only if the defect is not detectable through visual inspection or simple mechanical test.

Appears in 1 contract

Sources: Home Warranty Agreement

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 6 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section Sections 4 and 5 of the these term Contract for the service(s) on your Invoiceplus any Add‐Ons. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the Company will pay no more than $1,000 25,000 per year for covered Equipment in this Contract. b. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. Coverage is available only in conjunction with under this Contract begins at the closing of your anticipated sale purchase of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage continues for the Property. Your coverage becomes effective the day term described in the Invoice is received by the Company and continues until the earlier of (a) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale (the “Coverage Period”). Payment of the fees required for coverage under this Contract as specified in the Invoice are due and payable the Property purchase closing date. If payment is not received within fourteen (14) days after such closing date, the Company has a right to cancel this Contract and pursue reimbursement for any claims previously paid, subject to any state specific cancellation limitations. At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. d. You will be required to pay the lesser of the applicable service fee ($15070) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines of the perimeter of the foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test.. To qualify for coverage, a home inspection must have been completed within sixty (60) days of the start of the Coverage Period. Form: Buyers1C‐All200619 Page 1 of 5

Appears in 1 contract

Sources: Standard Real Estate Buyer’s Coverage Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 6 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section Sections 4 and 5 of the Contract for the service(s) on your Invoice. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the b. Subject to purchase of Contracts for multiple-unit properties in accordance with Section 5(e) and Section 9, the Company will pay no more than $1,000 for covered Equipment purchaser of this Contract agrees and acknowledges that coverage described in this Contractthese terms and conditions are solely available to Real Estate Buyers of owner-occupied Property. b. c. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. d. Coverage under this Contract begins when the Order is available only confirmed in conjunction with your anticipated sale of the Property our system and the purchase of the Company’s Standard Real Estate Buyer’s coverage continues for the Property. Your coverage becomes effective the day term described in the Invoice is received by the Company and continues until the earlier of (a) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale (the “Coverage Period”). Upgrades to this Plan will not change the starting date of the Coverage Period. The new Coverage Period end date will be described in the upgrade Invoice. Payment of the fees required for coverage under this Contract as specified in the Invoice are due and payable on the Property purchase closing date. If payment is not received within fourteen (14) days after such closing date, the Company has a right to cancel this Contract and pursue reimbursement for any claims previously paid, subject to any state specific cancellation limitations. At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. d. e. You will be required to pay the lesser of the applicable service fee ($150) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses.. Form: BuyerLite-All2306B Page 1 of 6 e. f. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe proper working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines interior of the perimeter of the main foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test. The Company may require additional documentation to confirm compliance with these terms and conditions in the event coverage is requested for unknown defects.

Appears in 1 contract

Sources: Standard Real Estate Buyer Lite Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section 4 of the Contract for the service(s) on your Invoice. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the Company will pay no more than $1,000 for covered Equipment in this Contract. b. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. All replacements must be purchased from a licensed technician or licensed retailer. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. Coverage is available only in conjunction with your anticipated sale of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage for the Property. Your coverage becomes effective the day the Invoice is received by the Company and continues until the earlier of (a) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale (the “Coverage Period”). At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. d. You will be required to pay the lesser of the applicable service fee ($150) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe proper working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines interior of the perimeter of the main foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test. Form: Sellers-All2502C SW Page 1 of 5 4. Covered Equipment. a. Attic, Exhaust, & Ceiling Fans

Appears in 1 contract

Sources: Standard Real Estate Seller’s Terms and Conditions

Coverage; Coverage Period; Payment. Subject to the Limitation of Liability set forth in Section 5 7 of this Contract: a. This Contract covers only the Equipment located at the Property as specifically identified in Section 4 Sections 4, 5 and 6 of the these term Contract for the service(s) on your Invoiceplus any Upgrades and Add‐Ons. Repair or replacement of covered Equipment is subject to maximum annual dollar limits as provided in this Contract. In aggregate, and notwithstanding anything to the contrary as may be set forth in this Contract, the Company will pay no more than $1,000 for covered Equipment in this Contract.no b. The Company has the sole right to decide whether to repair or replace the Equipment. All replacements authorized by Company will be of a similar or equivalent quality to the covered Equipment. Should you decide to replace any Equipment with respect to which the Company has decided to cover the repair, the Company will only pay the amount the repair would have cost (less the applicable service fee), and you will be responsible for the difference in cost between repair and replacement. c. Coverage is available only in conjunction with under this Contract begins at the closing of your anticipated sale purchase of the Property and the purchase of the Company’s Standard Real Estate Buyer’s coverage continues for the Property. Your coverage becomes effective the day term described in the Invoice is received by the Company and continues until the earlier of (a) expiration of the initial listing period (up to 180 days), (b) close of sale of the Property, or (c) termination of your Property being listed for sale (the “Coverage Period”). Payment of the fees required for coverage under this Contract as specified in the Invoice are due and payable the Property purchase closing date. If payment is not received within fourteen (14) days after such closing date, the Company has a right to cancel this Contract and pursue reimbursement for any claims previously paid, subject to any state specific cancellation limitations. At the Company’s discretion, it will provide you options for continuation of service prior to the end of your Coverage Period. d. You will be required to pay the lesser of the applicable service fee ($150100) or the actual cost of the service to your selected contractor for each service request. Further, if your selected contractor repairs or replaces Equipment that is not covered by this Contract, or charges more for the service than our coverage limits, you will be required to pay the excess expenses. e. You continue to be responsible for normal maintenance on all covered Equipment. Equipment is not covered under this Contract unless it is in safe working order at the beginning of coverage. To be covered, Equipment must be installed and located within the confines of the perimeter of the foundation of the primary dwelling (except for air conditioning) of the Property. This Contract provides coverage for unknown defects only if the defect is not detectable through visual inspection or simple mechanical test. To qualify for coverage, a home inspection must have Form: BuyersES‐All200619 Page 1 of 5 been completed within sixty (60) days of the start of the Coverage Period.

Appears in 1 contract

Sources: Standard Real Estate Buyer’s Coverage Terms and Conditions