When Does My HomeProtector Coverage Begin?

Your coverage begins on the latest of the following dates:

• The date of your HomeProtector application or the date of your Application Confirmation if you applied by electronic means over the internet, telephone or through a direct mail offer
• The date of written notice of approval of your HomeProtector application, when written approval is required
• The date RBC Royal Bank^® has provided its commitment that the mortgage is ready to be advanced

Note: A benefit is only paid when mortgage funds are fully advanced

When Does My HomeProtector Coverage End?

Your insurance coverage will end on the earliest of the following dates:

• The date your mortgage is repaid in full, discharged, or assumed in writing by another person
• The date the principal balance of your mortgage increases (to re-apply see "What if I'm refinancing my mortgage? ")
• The date the Insurance Service Centre receives your written request to cancel your life and/or disability insurance coverage
• The date insurance premiums, all or part, are 90 days overdue
• The last day of the month in which you turn 70 years of age
• The date you die
• The date your mortgage is assigned to a third party by RBC Royal Bank, at your request
• The date you are no longer a borrower, co-borrower or guarantor on the mortgage
• The date the group policy for life or disability coverage terminates
• The date when you make an assignment in, and/or are petitioned into, bankruptcy.

Disability coverage ends when your HomeProtector Life Insurance coverage ends.