ORS 731.164 "Home Protection Insurance," "Home Protection Insurer."

• Library: Oregon Statutes
• Edition: 2023
• Currency: Current through legislation effective January 1, 2024
• Year: 2023
• Citation: ORS 731.164

(1)

(a) "Home protection insurance" means that part of casualty insurance that includes only insurance which undertakes to perform or provide repair or replacement service or indemnification therefor for the operational or structural failure of the insured home, components of the home or personal property relating to the home or its components, and does not include protection against consequential damage from the operational or structural failure.

(b)

(A) "Home protection insurance" does not include a home service agreement.

(B) As used in this paragraph, "home service agreement" means a contract or agreement for a specific limited duration to: