Real Estate Legal & Home Repair Service Agreement

Seller Benefits

Coverage 

Covers the sale of a single family, owner occupied, primary residence at close of escrow, for $50,000 aggregate. Coverage includes defense cost and the repair of a material defect that was unknown and undisclosed by the Seller.

Deductible

Zero deductible when an RERM panel attorney is selected.

Duration

180 days from COE, it is non-renewable.

Requirements

Must be the Seller’s primary residence. Seller must have lived in the house.  Must have taken a whole house and roof inspection by a Home Inspector or General Contractor prior to COE.  Must be a reported transaction and must pertain to the actual structure and foundation only, as listed on the covered transaction.

Mold Coverage

Mold coverage is available only when a mold inspection is taken by a Toxicologist or Environmental Hygienist before COE.

Reporting Period

A dispute, written or verbal, must be reported to RERM within 10 days.  The problem must be found and reported within the policy period of 180 days.

Exclusions

Intentional dishonesty.  Damage to the home of which the Seller had knowledge and that occurred prior to COE.  Any claim in which any other Insurance or Home Warranty is primary and obligated to pay.

Note:  This is a summary of coverage; please review the complete policy for more detailed information.