The present disclosure relates to an installation ready housing type pipe coupling for creating a sealed connection between coaxial groove ended pipes, a hold open clip for the coupling, and other modifications and improvements thereof. The coupling comprises a first and second housing segments creating a cavity, a gasket provided within the cavity, a first and second bolts and nuts connecting the hosing segments at opposite ends, and a hold open clip. The first nut is affixed to the first bolt. The second nut can be adjusted along the second bolt. The hold open clip helps to attach the two housing segments in the preassembled state while keeping the coupling open. The hold open clip may also indicate a proper installation of the coupling.