Va. Code § 38.2-2610: Cancellation of home protection contracts

A. No home protection contract shall be cancelable by the home protection company during the initial term for which it is issued, except for:1. Nonpayment of premium;2. Fraud or misrepresentation of facts material to the issuance of the contract; or3. Contracts providing coverage prior to the time the residential property is purchased, provided that purchase of the property does not occur.B. Nothing in this section establishes the right of a contract holder to renew any contract.1981, c. 530, § 38.1-940; 1986, c. 562.